banner_ad

Advance payment to sundry creditors

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 August 2016 if any advance amount paid to sundry creditors at the end of financial year is liable for tax deduction at source if paymnet made to him is for such type of expense which is covered under tds provision ?????????
Payment made to labour contractor in advnace

Under which head it is to be shown in liability
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
31 August 2016 Yes it is liable for tax deduction and show it under TDS head and remit it on due date.
Profile Image

jayesh khokhariya

Profile Image

jayesh khokhariya (Querist)
31 August 2016 what is the remedy for the above matter if i have not deducted any tds till the end of the financial year and in the next year tds paid with interest ??????????????????
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
01 September 2016 Yes it can be paid with interest in next year no problem.
Profile Image

Advocate

Profile Image

Advocate (Expert)
30 November 2016 If you have not deductes tda U/ 194 C from payment to your contractor, you will be liable to paid it along with interest .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details