Tds on payments made to sez developer for interior work
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 October 2011
We have to make a major payment to SEZ developer for interior work to be done for the new space we have taken on lease. This amt is estimated at cost +15%. Pls clarify if TDS needs to be deducted on the advance payment made (100% as per estimation is being paid in advance)
28 October 2011
Yes TDS is to be deducted while making advance payment, the basis payment or credit whichever is earlier.
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