Tax should be deducted on advance or not

This query is : Resolved

CA Abhishek Singh (Querist)
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18 November 2010 amt credit from april to oct 109000 for car hire charges. tax was deducted on booking expenses

in the month of november company has paid Rs.1000*5 on various dates but did not deduct tax.

Is is proper.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 November 2010 TDS to be deducted on date of payment or credit whichever is earlier subject to crossing of threshold limit.

Car hire charges attracts TDS u/s 194C.

For TDS rates and limits, see following link--

https://www.caclubindia.com/forum/details.asp?mod_id=109491

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