advance paid to civil engineer. for doing the work ,wether payer is liable to deduct tax u/s 194j on advance payment plz tell its urgent
Menu
Tds on advance
Replies (2)
Hi Manindar......... Yes The Payer is laible to deduct TDS @ 10% on Money Paid u/s 194j
(Professional Payment)
Hi maninder, As per Sec 194J, TDS is required to be made at the time of credit or payment whichever is earlier. As Advance is paid which is earlier then credit, so TDS is required to be made on advance paid.
Recent Threads
- How to complete form10E Table details for the year
- How to submit ITR for old F&O losses
- Can an Software Engineer be termed as a workman an
- PF withdrawal in IT
- Resolution of Potential Double Taxation on NSC Int
- LTCG reporting in ITR2
- Pls advice to sell and we can make invoice to susp
- Most reliable solution to export offline OST to PS
- Sale of Mutual fund by NRI
- Why Should Businesses Prioritize SEO?
Related Threads
CAclubindia
