https://www.taxtmi.com/forum/issue?id=118918 Withholding under Section 194M applies to amounts actually paid by a non-business payer in the relevant year, not to the total contract value; Form 26QD requires disclosure of contract value but TDS is computed on payments made, and where bills are raised in one year but paid in the next, deduction and deposit must be made in the payment year (though an accounting provision may be created in the earlier year). en-us Tue, 26 Dec 2023 12:50:22 +0530 Fri, 24 Jan 2025 10:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118918 Withholding under Section 194M applies to amounts actually paid by a non-business payer in the relevant year, not to the total contract value; Form 26QD requires disclosure of contract value but TDS is computed on payments made, and where bills are raised in one year but paid in the next, deduction and deposit must be made in the payment year (though an accounting provision may be created in the earlier year). Discussion-Forum Income Tax Tue, 26 Dec 2023 12:50:22 +0530 https://www.taxtmi.com/forum/issue?id=118918