For example, The vendor from whom we are purchasing the goods,
a) First invoice basis value Rs.10 Lakhs b) Second invoice basis value Rs.20 Lakhs c) Third invoice basis value Rs.15 Lakhs d) Fourth Advance paid for goods Rs.8 Lakhs (Basis Value) Total value Rs.53 Lakhs
Please advise me whether the TDS will be deducted on the above,
15 April 2024
TDS is to be deducted while booking the purchase or payment which ever is earlier. Hence, TDS is need to be deducted at the time of advance payment
CAclubindia
