on 30/4/2011 co has paid contract charge of rs 50000 in which tds has been deducted. on subsequent date the co has paid the contract charge of 10000 (another invoice) in which the company has not deducted the tds. since it is a single contract 30000 limit has been exceeded.
does the contract falls under the limit of 75000? is this a tds default?
CAclubindia
