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When we (Company) deduct surcharge of Contractor (above 10
Lakhs Individual, 1 Crore in case of Company) Pl confirm
the meaning of 10 lakhs and 1 Crore. Either it means
payment made to the contractor in a year by a company or
one & more company (Aggreg. Income). Pl explan in detail.
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Answer Posted / harrie007
A co. is required to deduct Tax at Source (TDS) if the
total payments to that particular person exceeds the
specified amount(10 lacs or 1 crores)
| Is This Answer Correct ? | 0 Yes | 2 No |
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