18 January 2017
I made advance payment of Rs. 740000/- as interest free unsecured loan in F.Y. 2015-16 (Note: F.Y. 2014-15 is not audited u/s 44AB). I adjusted such amount for job work expenses in Qtr-3 (F.Y.2016-17). Now should I deduct TDS in Qtr-1 or Qtr-3 of F.Y. 2016-17 ?
18 January 2017
You should deduct TDS on the appropriate of advance against Job work or entry of the bill which ever is ealy and make payment of TDS by 7th of next month
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