19 January 2011
DEAR SIR, FROM 1.4.10 TO 31.12.10, THERE ARE 3 BILLS OF A PARTY ( FOR PROF FEES ) TOTALLING RS.27500/-.ALL BILLS WE HAVE PAID-WITHOUT DEDUCTING TDS ( AS LIMIT IS 30000/-& BILL TOTAL IS 27500/- ). NOW SAME PARTY HAS SENT 4TH BILL OF RS.8000/-. WHILE ENTERING THIS BILL (CREDITING THE PARTY), DO WE HAVE TO DEDUCT TDS @ 10% ON RS.35500/- ( EARLIER BILLS OF 27500/- PLUS THIS BILL OF 8000/-)? THANKS IN ADVANCE. ANCKOORA