Easy Office
LCI Learning

tds on advances

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 August 2009 is tds deductible on advances? if yes then what about the that party refuses to perform its obligation after the payment of advance will the tax deductor need to reimburse the tax amount to the said party?
Profile Image

Shyam Lal Naik

Profile Image

Shyam Lal Naik (Expert)
08 August 2009 Sir,

Answer to both the question is "Yes".

However, the tax amount has to be reimbursed by the deductee, not ther deductor.
Profile Image

O.D.SHARMA

Profile Image

O.D.SHARMA (Expert)
08 August 2009 yes for TDs on advance but TDS in any case will be adjustable for party.Company have to get full amount back in default cases .
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Jitender

Profile Image

Jitender (Expert)
08 August 2009 to resolve this, budgst has introduced for refund of tds.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links