Tds will be applicable on advance payments

11 February 2019
Dear Sir,

in a individual firm paid the advance payment to a contractor, in this transaction TDS is applicable or not,

please suggest

CA Abhishek Goyal (Expert)
13 February 2019

If your firm was audited under Income Tax Act in previous year, TDS should be deducted on advance payment to contractors.

CA Abhishek Goyal

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