18 November 2010
Advance payment of Rs 50000.00 as Royalty without deducting TDS. IS TDS applicable on this transaction and if yes then what is the amount of tds to be deducted.
18 November 2010
Yes TDS dedcutible at the time of payment or credit whichever is earlier. If amount being payable then TDS deductible Rs. 5,000/- if already paid then amount to be grossed up and gross amount Rs. 55,556/- and TDS 5,556/-.
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