Tds on advances
This query is : Resolved
31 May 2017
we are pvt ltd co we are constructing power house for which we make advance payment on behalf of Contractor which is also pvt ltd. co. now question is Advance is given to Transport Contractor on behalf contractor in cash amount is Rs. 5000/- whether we are liable to deduct TDS on amount of such advance.
CA R SEETHARAMAN
(Expert)
31 May 2017
TDS applicable on any payment to contractor including advance payment.
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