Hi,
Can any one please help me out with the following query.
"Any person responsible for paying any sum to any resident (hereafter in this section referred to as the contractor for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and ......."
In case an electrician is undertaking contract work regulary throughout the year but covered under differenct PO each of which is less than Rs. 20000 but the whole sum is in excess of Rs.50000 (for all the POs during the year), is tds required to be deducted? Same way amount is paid to couriers for several biils each of which is less than the 20000 but put together comes to more than Rs. 50000 wthr TDS deductible?
Please clarify. Thanks in advance.
CAclubindia
