Tds
This query is : Resolved
sushant gurav
(Querist)
08 March 2014
Sir,
We are a Pvt limited company in construction . We have engaged some sub contractors at Maharashtra site.
Point No, 1. We have given the sub contractors some Advance payment more than 30,000.00 but we have not deducted the TDS.
Point No. 2 Only few Sub contractors have given us the bills but rest of other have not submitted in that case what we have to do.
How we will have to pay TDS , based on advance payment or once the bills received.
Kindly suggest
Thanks
Sushant
Sir,
We are a Pvt limited company in construction . We have engaged some sub contractors at Maharashtra site.
Point No, 1. We have given the sub contractors some Advance payment more than 30,000.00 but we have not deducted the TDS.
Point No. 2 Only few Sub contractors have given us the bills but rest of other have not submitted in that case what we have to do.
How we will have to pay TDS , based on advance payment or once the bills received.
Kindly suggest
Thanks
Sushant
Hemant Kumar
(Expert)
08 March 2014
You have to deduct tds on every advance payment of subcontractors. Now you can deposit the tds on advance amount 30 lacs and debited to party account.. the amount will be adjust from upcoming bills.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
