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sudheer

Accountant

39 Points Posted on 06 March 2012

Dear Sir,

We have given an advance for Rs.2.00 Lacs for a contractor without deducting TDS, he has given Rs.2.00 Lacs bill, there are no further transactions with that contractor.

If we have paid TDS, it will be expense to the Company, if we have not deducted TDS, it will be the violation of TDS rules

What we have to do in this scenario.

Please Reply & thanx in advance

Replies (1)

Devendra

Chartered Accountant

3769 Points Posted on 06 March 2012

`In the above case TDS is to be deducted on Advance also. So you will have to deduct TDS. Later at the year end you will have to issue Form 16A to the deductee.`

`Regards,`

`Devendra Kulkarni`

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Tds

sudheer

Devendra

`In the above case TDS is to be deducted on Advance also. So you will have to deduct TDS. Later at the year end you will have to issue Form 16A to the deductee.`

`Regards,`

`Devendra Kulkarni`

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Tds

In the above case TDS is to be deducted on Advance also. So you will have to deduct TDS. Later at the year end you will have to issue Form 16A to the deductee.

Regards,

Devendra Kulkarni

Leave a Reply

Recent Topics :

Related Topics :

`In the above case TDS is to be deducted on Advance also. So you will have to deduct TDS. Later at the year end you will have to issue Form 16A to the deductee.`

`Regards,`

`Devendra Kulkarni`