TDS Deduction on advance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2011 Dear Experts

Is we need to deduct TDS on Advance Payment.

Thanks in Advance

Sai krishna Medikonda (Expert)
Follow

03 January 2011 Can u pls tell me for which purpose u are making the advance payment?

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2011 For office Painting and repairs. under 94C

CMA. Subhash Kumar Jha (Expert)
Follow

03 January 2011 Yes....TDS to be deducted on advance or credit to party, whichever is earlier.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess