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prianshu singh (cost accountant) (21 Points)
Replied 05 December 2013

Yes it is deductible

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(Guest)

Yes , you can deduct

Jeevesh (Partner) (35 Points)
Replied 05 December 2013

If you are a proprietor you will liable to deduct tax only if you are subjected to 44AB Tax Audit in the preceding previous year.If you are not a proprietor, I completly agree with others

PANKAJ KANODIA (AUDIT ASSISTANT) (25 Points)
Replied 05 December 2013

yes otherwise expense will be disallowed

himanshu satija (article assistant) (31 Points)
Replied 05 December 2013

Yes Deduct Tds if you are a specified person mentioned in provision of TDs who are liable for deducting the Tds

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Rahul Nair (Articled Assiatant) (22 Points)
Replied 05 December 2013

I agree with jeevesh

CA Siddharth Mehra (Chartered Accountant) (145 Points)
Replied 05 December 2013

beyond the doubt

Rahul Nair (Articled Assiatant) (22 Points)
Replied 05 December 2013

I agree with jeevesh

Harsh Katara (Working in Investment Bank) (79 Points)
Replied 05 December 2013

Deduct tds no doubt in that

Jithin U (Article Assistanat) (225 Points)
Replied 05 December 2013

I too agree with Jeevesh (Y)

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Pooja Gogri (Article) (21 Points)
Replied 05 December 2013

yes we are liable to deduct tds

SAURABH GHAI (.) (58 Points)
Replied 05 December 2013

yes. Rule is deduct TDS on payment or credit whichever is earlier.

amish meghani (prop) (30 Points)
Replied 05 December 2013

Yes you have to deduct tds in c.y.

Naresh Batra (prop) (21 Points)
Replied 05 December 2013

If u r individual and ur books are liable to audit for last year then u have to deduct the tds else not

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Santosh Shetty (IPCC, Asst Manager) (200 Points)
Replied 05 December 2013

If u r an individual & do not falls under tax audit, then tds will not be applicable. Otherwise, you have to deduct tds at the time of advance payment itself.