02 July 2008
TDS on contracter will be deducted on what amt & when case A 01-04-07 5000 01-05-07 2500 20-06-07 2000 21-06-07 20000 23-09-07 5000 26-09-07 9000
full year less than 50000 now whether tds will be deducted on all or tds will be deducted from 21/6/07 to 26/9/07 b/c rs 20000 limit crossed once
case b 01-04-07 5000 01-05-07 20000 20-06-07 5000 21-06-07 10000 23-09-07 5000 31-03-08 10000
full year more than 50000 now whether tds will be deducted on all since 50000 amt exceeds on 31/3/08 we have to pay int on tds deducted for above amts
03 July 2008
AMOUNT OF PAYMENT IS NOT RELEVANT , AMOUNT OF CONTRACT IS RELEVANT ..........IF THE CONTRACT IS FOR MORE THAN RS 20,000 BUT PAYMENTS ARE SAY @ 5000/- ........TDS WILL BE REQUIRED.
CAclubindia
