https://www.taxtmi.com/forum/issue?id=118627 Payers must consider prior payments when determining TDS liability. For contractor payments, statutory carve outs apply to single payments up to thirty thousand and to an annual aggregate exemption of one lakh; some advisers state that if a later payment causes a threshold to be crossed the payer must deduct TDS on the entire cumulative amount paid in the year. For professional and technical service fees, amounts are aggregated for the financial year and, once the aggregate threshold is exceeded, TDS is to be deducted on the total amount paid or credited. en-us Fri, 07 Jul 2023 17:49:07 +0530 Thu, 23 Jan 2025 15:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118627 Payers must consider prior payments when determining TDS liability. For contractor payments, statutory carve outs apply to single payments up to thirty thousand and to an annual aggregate exemption of one lakh; some advisers state that if a later payment causes a threshold to be crossed the payer must deduct TDS on the entire cumulative amount paid in the year. For professional and technical service fees, amounts are aggregated for the financial year and, once the aggregate threshold is exceeded, TDS is to be deducted on the total amount paid or credited. Discussion-Forum Income Tax Fri, 07 Jul 2023 17:49:07 +0530 https://www.taxtmi.com/forum/issue?id=118627