Mobilisation Advance is being given to Government Contractors in most cases. For these advances given the contracor has to pay interest on same. Further the Adavance is either adjusted from the running bills or refunded back by contractor. In these cases whether TDS has to be dedcuted on such advances. Plz. take note that these advances are basicall in nature of soft loans on which interest is also being charged. Kindly advise.
Tds applicability on mobilisation advance
ALOK AGARWAL (CHARTERED ACCOUNTANT) (22 Points)
22 February 2018