Tds contract
Krupal Panchal (12 Points)
09 November 2016
IF ADVANCE IS GIVEN ,I HAVE TO DEDUCT TDS AT THE TIME OF BILL RAISED OR AT THE TIME OF PAYMENT
1 Replies
Rinky Senger
(_)
(205 Points)
Replied 09 November 2016
TDS should be deucted at the time of payment or booking of bill whichever is earlier; (subject to exceptions like salary, dividends. etc)
As you are making advance payment, TDS is required to be deducted on the amount of advance payment being made at applicable rate.
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