Should TDS be deducted while making an advance payment to a vendor or should be it deducted at the time of bill booking or both? Give reasonsShould TDS be deducted while making an advance payment to a vendor or should be it deducted at the time of bill booking or both? Give reasons
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Tds
Replies (2)
There is no TDS on any purchase, it is on service such as commission, contract, professional fees etc. TDS is always applicable on payment or credit whichever is earlier.
Yes,,,,,, You should deduct TDS against advance payment if you are liable to deduct TDS as per govt . Rules agaist your vender service and supply work ,,,,,,,,Good Luck!
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