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Tds on advance payment to contractor

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Honey Sharma

Honey Sharma (Querist)
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01 March 2020 one payment of rs. 25000/- paid on 01.01.19 in advance to contractor & second payment of rs. 15000/- paid on 01.02.19 is also in advance and the bill received from contractor for rs. 40000/- on 01.03.19 later.

whether we should deduct tds on advance payment or not. both advance payments are below rs. 30000/- but single bill received later for rs. 40000/- is above rs. 30000/-.

Please clarify my query

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 March 2020 No TDS applicable as single payment not exceed 30000.

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