Why we deduct TDS for advance Payment?
Thanks And Regards
Neelakanta K
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Tax deducted at source
Replies (8)
TDS is deducted on Advance payment because if TDS is not deducted and full payment for the service has been made in advance than how can you deduct TDS after complection of service
Thanks mam
@ Neelakanta Neelu.,
He (Mr Ashiwini Ballodia) is Very Young MAN...
Not a Girl...
He (Mr Ashiwini Ballodia) is Very Young MAN...
Not a Girl...
Neelakanta Ji I am Sir & not Mam
Thanks Raja Ji
And Neelakanta Ji I am Sir & not Mam
sorry sir I thought ur a girl because I got confused from ur name
if I make 20000 payment for suppliers on that time also we make TDS for advance payment why?
Its ok Neelakanta Ji. If you read the provision of TDS it is written that TDS to be deducted on Payment or Credit whichever is earlier. So TDS is to be deducted on Advance payment.
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