TDS Deduction on advance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2011
Dear Experts
Is we need to deduct TDS on Advance Payment.
Thanks in Advance
Is we need to deduct TDS on Advance Payment.
Thanks in Advance
03 January 2011
Can u pls tell me for which purpose u are making the advance payment?
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2011
For office Painting and repairs. under 94C
03 January 2011
Yes....TDS to be deducted on advance or credit to party, whichever is earlier.
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