https://www.taxtmi.com/forum/issue?id=115728 Individuals and Hindu Undivided Families required to deduct under Section 194M must deduct tax at the time of credit or payment of sums for work, commission, brokerage or professional fees. When aggregate payments to a contractor exceed the statutory threshold in a financial year, the deduction obligation applies to the entire amount paid or credited, not solely to the excess, and tax must be withheld at the statutory rate on the total sum. en-us Fri, 29 Nov 2019 16:36:04 +0530 Thu, 23 Jan 2025 15:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115728 Individuals and Hindu Undivided Families required to deduct under Section 194M must deduct tax at the time of credit or payment of sums for work, commission, brokerage or professional fees. When aggregate payments to a contractor exceed the statutory threshold in a financial year, the deduction obligation applies to the entire amount paid or credited, not solely to the excess, and tax must be withheld at the statutory rate on the total sum. Discussion-Forum Income Tax Fri, 29 Nov 2019 16:36:04 +0530 https://www.taxtmi.com/forum/issue?id=115728