Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2015 Dear Experts

my query is related to TDS. our company paying Rs. 10,000 advance payment to a contractor on 15th April and second advance payment of Rs. 10,000 on 17th April and bill of Rs. 70,000 is booked on 19th April. at the time of bill booking, TDS is deducted @1%.

My quey is should TDS be deducted at the time of advance Payment despite of the fact that bill is booked in same month? or whatever done by company is ok?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

26 June 2015 yes tds needs to be deducted either while making payment or while crediting in books of accounts whichever is earlier.

Message likes : 1 times

Ankur Singhal

Ankur Singhal (Expert)
Follow

26 June 2015 agree with Tushar...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHUBHANGI GOEL

Hemkumar

Vinod Patil

CA Varun Gupta

Mahesh Balanthimugaru

Subscribe Now

Tds

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Accountant

GST CONSULTANCY

GST CONSULTANT

CA Final