Tds payment
This query is : Resolved
24 May 2014
my query is that i have pay rs. 7000 Towards payment of contract amt. the bill for the same is of rs. 10000 whether tds is deducted on paid amt. or bill amt.
Guest
Guest
(Expert)
24 May 2014
TDS is deducted in earlier of the following
either on advance payment
or at the time of booking of expenses
whichever is earlier
so if u hadnt booked the expense and giving 7000 as an advance u must deduct tds on rs. 7000
and if u had already booked, then tds should have been deducted at the time of booking of expense
either on advance payment
or at the time of booking of expenses
whichever is earlier
so if u hadnt booked the expense and giving 7000 as an advance u must deduct tds on rs. 7000
and if u had already booked, then tds should have been deducted at the time of booking of expense
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