TDS

tax duducation at source

Originally posted by : CA Akhilesh

at the time making of advance payment tds shall be deducted on the amount paid as advance and at the time of full and final payment TDS shall be deducted on balance amount.......since tds to be deducted on at time of credit of bill or making of amount whichever is earlier.......

Agree with CA Akhilesh & future ca..
 

TDS would be deducted on gross amt whereby it exceeds the threshold limit of Rs.30000 in pursuance of single contract.

In case at the time of advance payment it was not deducted by any reason then adjusted the entire liab. of TDS of Rs.5200 (260000 @ 2%) at the time of making final payment

Is it liable for payment of interest  for late deduction?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details