01 June 2009
As per the section you don't need to deduct the TDS as it is applicable for amount exceeding 1.2L. See the bare
"Provided that no deduction shall be made under this section where the amount of such income or, as the case may be, the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the account of, or to, the payee, does not exceed one hundred and twenty thousand rupees"
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