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Tds on deducted for vendor advance payment for proform invo

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 October 2015 Hi,

Please confirm do we need to deduct the TDS on Vendor for 30% advance payment on proforma a invoice.

Regards
Raj
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Atit Shah

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Atit Shah (Expert)
17 October 2015 Yes, TDS is required to be deducted on date of payment or date of credit which ever is earlier, hence you need to deduct TDS on advance.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 October 2015 Thanks but if the payment is releated to capital Expenditure like battery purchase from vendor...
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
17 October 2015 no tds will be deducted on advance payment for purchase of battery

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