Advance payment
This query is : Resolved
Nasir ahmed
(Querist)
15 January 2015
If payment made in advance whether tds we have to pay or not
Amol S Joglekar
(Expert)
15 January 2015
If the advance is paid as per the terms of the CONTRACT, TDS should be deducted outof that.
e.g. Civil Contract...normally has the provision of payment of MOBILISATION advance. TDS is required to be done on such advance
e.g. Civil Contract...normally has the provision of payment of MOBILISATION advance. TDS is required to be done on such advance
Rupesh Jain
(Expert)
15 January 2015
if amount is eligible to tds then you have to deduct the tds on payment or credit the amount whichever is earlier.
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