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TDS

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(Querist)
08 April 2009 there is a rule that a co. cannot deduct TDC/TCS before its first Audit
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Sumit Jain

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Sumit Jain (Querist)
08 April 2009 if the first audit of co. is in A.Y. 2008-09
and in A.Y. co. is contracting and making advance payment for services to be A.Y. 2009-10
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Sumit Jain

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Sumit Jain (Querist)
08 April 2009 my query is that
can co. deduct tds for that particular payment for A.Y.2009-10
in A.Y. 2008-09
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Jitender

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Jitender (Expert)
08 April 2009 yes, it can do so becz tds is to be deducted on payment or credit ,whichever is earlier
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Om Prakash Singh

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Om Prakash Singh (Expert)
09 April 2009 Yes, The company must deduct TDS for the services, its thrr responsibily of Comapany. The TDs is deducted on the amount of Advance given for service or credited amount which ever is earlier.
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Sumit Jain

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Sumit Jain (Querist)
09 May 2009 thanx mr. om prakash and jitender

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