is tds deductable at advance given to any party/ at what rate/
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Tds
Replies (4)
TDS is deductible at the time of payment or credit in the books of account whichever is earlier generally.
Therefore TDS is deductible at the time of advance payment.
TDS Rate depends on the nature of transaction. So plz specify it
ITS A ADVANCE PAYMENT TO PVT LTD CO FOR RENDERING ENGINE SERVICES. THANKS
TDS rate - 10% u/s. 194J
agree with above
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