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
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Tds on advance
Replies (4)
yes..We are liable to deduct TDS on advance payment also.Under Sec 194J TDS rate is 10% .No TDS is required to be deducted for amount less than Rs 30000/-.
Yes you have to deduct TDS on advance payments
TDS deduction u/s-194J is "Payment or Credit whichever is earlier" basis.
YES AGREE WITH ABOVE....
BASIC PRINCIPLE OF DEDUCTION TDS IS...
CASH PAID OR A/C CREDITED (WHICH IS FALL EARLIER)
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