Non deduction of TDS on advance payment

Ayesha Banu A (.) (105 Points)

11 January 2010  

Hi friends,

One of my clients has entered into an agreement with interior decorator for office furnishing and paid 10lacs in 3 instalments as advance. Now he wants to make  deduct tax on entire amount of Rs.13lacs (at the time of final payment). does it attracts interest provision for late deduction.

Once he deducts tax will pay within time.


Thanks in advance.