if advance payment is made then we have to deduct tds on total advance payment (incl of gst)
if invoice raised then payment is made then we have to deduct tds on taxable value?
Menu
On what amount deduction under 194Q advance payment is made?
Replies (3)
Correct, i.e. on taxable amount without GST...
If advance payment is made then too tds to be deducted on total amount?
Yes, when there is any amount paid in advance, TDS is to be deducted over total amount, as there is no GST part included in it.
Recent Threads
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
- IT Return 2023-24
- LUT for Companies Using EVC and Not DSC?
- UDIN Generation 44ADA
- Working with a CA as an NRI: Proper Income-tax e-F
- Taxation on ETF
- Gstr9 8f is used for 2023-24 reversal
- Delayed filing of 26QB, and received a penalty off
- Notice Period Calculated for Transactions above Rs
Related Threads
CAclubindia
