TDS
This query is : Resolved
19 June 2010
on advance should we deduct TDS, since we not know the bill amount & we have to make advance payment?
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.
Tax is deductible on advance payment.
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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