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Advance payment

This query is : Resolved 
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(Querist)
15 January 2015 If payment made in advance whether tds we have to pay or not
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 January 2015 If the advance is paid as per the terms of the CONTRACT, TDS should be deducted outof that.
e.g. Civil Contract...normally has the provision of payment of MOBILISATION advance. TDS is required to be done on such advance
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Rupesh Jain

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Rupesh Jain (Expert)
15 January 2015 if amount is eligible to tds then you have to deduct the tds on payment or credit the amount whichever is earlier.
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