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
- Foreign professional income.
- RCM Paid by NBFC
- TDS not deposited by the deductor
- Electricity bill check online – need guidanc
- Assessmet Procedure us 147
- My deduction under 80 g is wrong and I should have
- GST utility 3.2.3 json not generating
- SCh FA declaration - guidance on the filling of th
- Foreign income and bank account
- Unorganised chit amount
Related Threads
CAclubindia
