bhat
(Querist) 23 August 2015
This query is : Resolved
What is the limit for deduction of TDS on professional charges if the bill amount is Rs.28000/=, and next bill amount is Rs.1,60.000/=
Anirudh
(Expert) 23 August 2015
You have to effect TDS at the applicable rate on the whole of 1.88 lakhs (i.e. including the earlier payment of Rs. 28000 on which you did not effect TDS).
Rajendra K Goyal
(Expert) 24 August 2015
Agree with the expert Anirudh.
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