Is TDS deducted for an amount of work advance paid

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CA-IPCC
143 Points Posted on 27 April 2020
Is TDS deducted for an amount of work advance paid to supplier amounting to rs.20000 for purchase of fuel
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On 27 April 2020 at 16:35 Report
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PROPRIETOR
76 Points Posted on 27 April 2020

If it's a work contract, then yes.

All provisions of tds states the wordings as " credit to account or sum paid" whichever is earlier..

If you are satisfied, kindly drop email to capravin87 @ gmail.com 

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On 27 April 2020 at 21:10

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