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Tds on advance

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Querist : Anonymous (Querist)
14 May 2015 whether tds is required to be deducted on advance payment?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
14 May 2015 Yes TDS is also required to be deducted on advance payment. Act says TDS is to be deducted at the time of payment or credit whichever is earlier.

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