TDS

Vipin Jain (Article) (46 Points)

14 July 2009  

Dear friends,

I have some doubt in TDS on contractor, hope u will clarify the same.

It is known that when any payment or credit is made to the contractor exceeding Rs. 20000/-, then the contractee party is liable to deduct TDS.

But if the first payment made to the contractor exceeds Rs. 20000/- and subsequent payments doesnt exceed Rs. 20000/- per payment and also the aggregate of payments or credit made during the whole year doesnt exceed Rs. 50000/-, is the contractee liable to deduct TDS on payments made after first payment?