Deduction of tds on advance payment to contractor.
This query is : Resolved
13 June 2013
Please guide,
Will TDS be deducted on advance payment to contractor? If yes then what is the limit of amount ?
Will TDS be deducted on advance payment to contractor? If yes then what is the limit of amount ?
13 June 2013
TDS need to be deducted on payment or booking the invoice which ever is earlier. Limit is Rs.30000 for single transaction u/s.194C
17 June 2013
Thank You Sir.
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