TDS US 194J ADVANCE PAYMENT LIABILITY
This query is : Resolved
11 October 2022
Dear Sir, I have made Advance payment for the Professional Services & Bill received Later on. what is the Liability of TDS Deduction ? & what amount required to deduct TDS? Please, advice
Read more at: https://www.caclubindia.com/experts/tds-deduction-liability-in-case-of-advance-payment--2882824.asp
Read more at: https://www.caclubindia.com/experts/tds-deduction-liability-in-case-of-advance-payment--2882824.asp
11 October 2022
TDS applicable on advance payment for professional services at 10%.
13 October 2022
TDS is required to be deducted u/s 194J @ 10% on advance. If not deducted on advance, it needs to be deducted at the time of invoice booking.
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