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TDS LIBILITY ON ADVANCE PAYMENT.

This query is : Resolved 
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(Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 May 2021 Yes, TDS applicable on such advance payment. Deduct and pay in this month TDS.
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CA Rajat Pathak

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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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Viral

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Viral (Querist)
27 May 2021 what is basic amount to be considered ?
70000 or 59322
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