Tds deduction applicability

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Guest

Guest (Querist)

18 December 2013 Is TDS deducted on Advance Payments to Suppliers.If so which section & rate of deduction

Ganeshbabu K

Ganeshbabu K (Expert)
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18 December 2013 IF ADVANCE IS MADE AGAINST PURCHASE OF MATERIAL,, TDS NOT APPLICABLE
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PROVIDE TRANSACTION DETAILS--FOR WHAT YOU HAVE MADE ADVANCE

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Guest

Guest (Querist)

19 December 2013 they hav made adv to Pur of RM.So not applicable.If they made for any Services rcvble/contracts in future then whether to deduct TDS?.If yes then which section

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Ganeshbabu K

Ganeshbabu K (Expert)
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19 December 2013 yes if suppose you have made payment to contractor in advance 194C applicable
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if you made payment against professional or technical consultancy 194J required to be deducted
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however which are in re-imbursement in nature tds not applicable

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