TDS US 194J ADVANCE PAYMENT LIABILITY

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This discussion clarifies the TDS deduction liability when advance payments are made for professional services before receiving the bill. TDS under Section 194J is applicable at a rate of 10% on these advance payments. If TDS isn't deducted at the time of the advance payment, it must be deducted when the invoice is booked.

Viral

Viral (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 October 2022 TDS applicable on advance payment for professional services at 10%.

CA Vivekanand Pote

CA Vivekanand Pote (Expert)
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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.

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