TDS LIBILITY ON ADVANCE PAYMENT.
This query is : Resolved
Quick Summary
25 May 2021
I am paid of Rs 70000 as advance payment as professional fees Dated :- 11/05/2021. (partly payment)
does it required to deduct & pay in this month TDS?
does it required to deduct & pay in this month TDS?
CA R SEETHARAMAN
(Expert)
25 May 2021
Yes, TDS applicable on such advance payment. Deduct and pay in this month TDS.
CA Rajat Pathak
(Expert)
25 May 2021
yes you need to deduct tds and pay on or before due date i.e. 7th june
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