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Igave a cheque of Rs 25000/- to a Professional. Do I deduct TDS on Rs 25000/, then after three months I further pay the same Professional Rs 40000/-.Have I to pay Tds on 25000 Or Rs 65000/- or only Rs 40000/-,Have I to pay interest on delayed payment for Rs 25000/-?
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Answer Posted / bijender sharma
If there is single payment 30000 or more and exceeds 70000 annually then it is liability to deduct tax at source
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