Contractor Limit of TDS Deduction is Rs. 30,000/-, After limit if I receive another 10,000 amount bill then I have to deduct TDS on total 40,000 or only on 10000/-. Pls advise
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Answer / babu
TDS 2% On Contractors Transaction more than 30000/- yearly
or single Transaction We have to Deduct 2% .So we have to
Deduct 2% on 40000/- is 800/-.
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