TDS Deduction on advance

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 January 2011 Dear Experts

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?

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Querist : Anonymous

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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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