surendran (Manager-Accounts) (24 Points)
09 July 2011Dearsir,
Pl clear my doubt regarding tds deductions towards advance payment aganist interstate work contract . Is it necessary to deduct tds at the time advance for future work or not.
Regards
Surendran.N
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 09 July 2011
if advance is kept in advance to suppliers then no TDS, but at the time of booking expenses TDS provisions will apply
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