Tds applicable or not

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musabbir (Querist)
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24 April 2018 We have given contract of Rs. 61000/- for Canopy work for our office.50% advance payment made Rs. 30000/- balance to be paid whether the TDS need to be deducted or not

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 April 2018 TDS not deductible as payment within threshold.

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Shrinivas (CA, LLB, CISA)

Shrinivas (CA, LLB, CISA) (Expert)
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24 April 2018 TDS is not required to be deducted as the amount is within the prescribed threshold..

RAJA P M

RAJA P M (Expert)
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24 April 2018 TDS not applicable as per above value in the FY... But, In case the contractor give bill in the full value then TDS is deductible if Bill value above 30k...