Tds contract
Krupal Panchal (12 Points)
09 November 2016
IF ADVANCE IS GIVEN ,I HAVE TO DEDUCT TDS AT THE TIME OF BILL RAISED OR AT THE TIME OF PAYMENT
Krupal Panchal (12 Points)
09 November 2016
Rinky Senger
(_)
(205 Points)
Replied 09 November 2016
TDS should be deucted at the time of payment or booking of bill whichever is earlier; (subject to exceptions like salary, dividends. etc)
As you are making advance payment, TDS is required to be deducted on the amount of advance payment being made at applicable rate.
CAclubindia
