TDS on Mob.Advance
This query is : Resolved
22 December 2010
Whether TDS to be deducted under section 194C against mobilisation advance given to sub contractor which will be deducted from RA Bill.
22 December 2010
Yes TDS to be deducted u/s 194C.
22 December 2010
Agreed.
22 December 2010
what is mobilisation advance ???
22 December 2010
TDS need to deduct whether payment or credit which ever is earlier, so naturally while giving Mobilisation advance TDS need to deduct, if deducted while adjusting with RA bill the same need to be considered, further no need to deduct
23 December 2010
Thanks everybody for valuable suggestion........
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