TDS
This query is : Resolved
Sumit Jain
(Querist)
08 April 2009
there is a rule that a co. cannot deduct TDC/TCS before its first Audit
Sumit Jain
(Querist)
08 April 2009
if the first audit of co. is in A.Y. 2008-09
and in A.Y. co. is contracting and making advance payment for services to be A.Y. 2009-10
and in A.Y. co. is contracting and making advance payment for services to be A.Y. 2009-10
Sumit Jain
(Querist)
08 April 2009
my query is that
can co. deduct tds for that particular payment for A.Y.2009-10
in A.Y. 2008-09
can co. deduct tds for that particular payment for A.Y.2009-10
in A.Y. 2008-09
08 April 2009
yes, it can do so becz tds is to be deducted on payment or credit ,whichever is earlier
Om Prakash Singh
(Expert)
09 April 2009
Yes, The company must deduct TDS for the services, its thrr responsibily of Comapany. The TDs is deducted on the amount of Advance given for service or credited amount which ever is earlier.
Sumit Jain
(Querist)
09 May 2009
thanx mr. om prakash and jitender
for your replies
for your replies
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