Poonawalla fincorp
Poonawalla fincorp

Tds

This query is : Resolved 
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(Querist)
07 August 2014 dear sir, I have made a payment of rs.80000 to contractor in advance. should I deduct TDs on advance. plz tell me
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Ganeshbabu K

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Ganeshbabu K (Expert)
07 August 2014 Definetely
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TDS is applicable on payment or accrual which ever is earlier
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So deduct TDS on Advance amount other wise it is reportable in Form 3CD

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