TDS

This query is : Resolved 

19 June 2010 on advance should we deduct TDS, since we not know the bill amount & we have to make advance payment?

19 June 2010 TDS is deductible either on payment or credit basis whichever is earlier.

Tax is deductible on advance payment.

19 June 2010 you can deduct on advance later if bill below the advance then you can adjust excess paid to other deductions within the quarter.




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