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Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2015 Dear Experts

my query is related to TDS. our company paying Rs. 10,000 advance payment to a contractor on 15th April and second advance payment of Rs. 10,000 on 17th April and bill of Rs. 70,000 is booked on 19th April. at the time of bill booking, TDS is deducted @1%.

My quey is should TDS be deducted at the time of advance Payment despite of the fact that bill is booked in same month? or whatever done by company is ok?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
26 June 2015 yes tds needs to be deducted either while making payment or while crediting in books of accounts whichever is earlier.
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Ankur Singhal

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Ankur Singhal (Expert)
26 June 2015 agree with Tushar...
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