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    <title>194M &amp; Form 26QD - Rate of Tds &amp; payment date to be entered in 26qd</title>
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    <description>When aggregate payments to a resident contractor in a year cross the statutory threshold, the payer must deduct tax on the entire amount paid to date at the withholding rate in force on the date the threshold is crossed. For filing, the payer should enter the threshold-crossing date as the single Date of Payment/Credit and Date of Deduction in Form 26QD and consolidate prior payments into that entry; payments after that date must be reported and withheld separately in subsequent filings.</description>
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      <title>194M &amp; Form 26QD - Rate of Tds &amp; payment date to be entered in 26qd</title>
      <link>https://www.taxtmi.com/forum/issue?id=119551</link>
      <description>When aggregate payments to a resident contractor in a year cross the statutory threshold, the payer must deduct tax on the entire amount paid to date at the withholding rate in force on the date the threshold is crossed. For filing, the payer should enter the threshold-crossing date as the single Date of Payment/Credit and Date of Deduction in Form 26QD and consolidate prior payments into that entry; payments after that date must be reported and withheld separately in subsequent filings.</description>
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