11 October 2022
Dear Sir, I have made Advance payment for the Professional Services & Bill received Later on. what is the Liability of TDS Deduction ? & what amount required to deduct TDS? Please, advice
Read more at: https://www.caclubindia.com/experts/tds-deduction-liability-in-case-of-advance-payment--2882824.asp
13 October 2022
TDS is required to be deducted u/s 194J @ 10% on advance. If not deducted on advance, it needs to be deducted at the time of invoice booking.
CAclubindia
