Tds on advance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2015
whether tds is required to be deducted on advance payment?
14 May 2015
Yes TDS is also required to be deducted on advance payment. Act says TDS is to be deducted at the time of payment or credit whichever is earlier.
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