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TDS

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(Querist)
19 June 2010 on advance should we deduct TDS, since we not know the bill amount & we have to make advance payment?
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
19 June 2010 TDS is deductible either on payment or credit basis whichever is earlier.

Tax is deductible on advance payment.
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hshivakumar

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hshivakumar (Expert)
19 June 2010 you can deduct on advance later if bill below the advance then you can adjust excess paid to other deductions within the quarter.
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