Query on Advance payment U/S 194Q

Alka Sahani (Student) (59 Points)

05 July 2025  

Let's say we have a party to which we made advance payment of around 61,20,000 and there has been no purchase till yesterday and the advance payment was made partly during may and June.

When the TDS should be deducted cause there was no purchase and the TDS should be deducted on the taxable value.

How to determine TDS in this case