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tds

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(Querist)
25 September 2009 wether tds should be deducted on payment of advance to suppliers of materials. If so what will be the relevant tds rate
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Zeeshan

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Zeeshan (Expert)
25 September 2009 no. tds is not to be deducted in case of advance to suppliers. Infact in case of supply of material TDS is not applicable at all.
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
25 September 2009 Agree.
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