Hi there.
Consider the situation:
I have four contractors A,B,C,D
The following Payments I have paid to them.
A- Rs.25000,15000,25000
B-Rs.25000,25000
C-Rs.10000,Rs.15000
D-Rs.25000
How do I take the payments for calculating TDS?
Should I take sum of all payments for seeing whether it has crossed Rs.100000 or Should I take Individual contract wise?
If it is Individual wise I don't have to deduct any TDS right? (As it has not crossed the limits of Rs.100000/Rs.30000)
Kindly clarify the situation.
Thanks and regards