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?
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?
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
(Expert)
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- 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
