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Tds will be applicable on advance payments

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(Querist)
11 February 2019 Dear Sir,

in a individual firm paid the advance payment to a contractor, in this transaction TDS is applicable or not,

please suggest
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CA Abhishek Goyal

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CA Abhishek Goyal (Expert)
13 February 2019 Hi,

If your firm was audited under Income Tax Act in previous year, TDS should be deducted on advance payment to contractors.

Thanks,
Regards
CA Abhishek Goyal

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