Tds on advance payment

TDS 438 views 1 replies

Hi,

Is TDS applicable on advance given for services which may be refunded if the work not done?

Further will the second party needs to deposit Service Tax on advance recievd, they may have to refund the amount if work not done by them .

Rules etc. please

Replies (1)

Ya...TDS & Serivce tax both are applicable in case of advance payment...


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