TDS Deduction on Work Contract
This query is : Resolved
Quick Summary
Vipul Acharya
(Querist)
05 July 2021
Paid advance Rs. 100000 /- against work contract, as per performa invoice 100000 for supply of goods and 15000/- for installation charges (Material value clearly mentioned on bill item wise)
Is TDS to be deducted against payment of advance
Is TDS to be deducted against payment of advance
Gokul Sharma
(Expert)
05 July 2021
yes... tds to be deducted on payment or booking of exp which ever is earlier
Vipul Acharya
(Querist)
05 July 2021
But as threshold limit does not exceed, because installation charges is only 15000/- why need to deduct TDS
Gokul Sharma
(Expert)
13 July 2021
YES LIMIT NOT EXCEEDED ....YOU MAY PAY WITHOUT DEDUCTING TDS
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