Deduction of tax at source
This query is : Resolved
GOVIND KUMAR
(Querist)
10 March 2016
Sir i have to Pay advance to a Party For the assessment year 2017-18 For the Perpose of advertisement/exhibition purpose Please suggest me tds should be deduct in present or should be Deduct When actual Expenditure will book in the Fy 2017-18 When Full Invoice Will be received.
Thanks
Thanks
10 March 2016
It must be deducted at the earliest of booking exp or making payment.
GOVIND KUMAR
(Querist)
29 September 2016
Thanks sir as per provision your reply are same , But Payment is advance without any deduction of tax because the expenditure Finalized Invoice will be received in Next FY And Party Income will also consider in next financial year as per 26 A.S.
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