In case of any advance payments made will such an amount also be liable for TDS.
If applicable,what is the contention based on which tax needs to be deducted.
In case of any advance payments made will such an amount also be liable for TDS.
If applicable,what is the contention based on which tax needs to be deducted.
According to TDS provisions Tax shall be deducted at the time of crediting the income to the payees account or time of payment of the same whichever is earlier.
Hence TDS shall be made at the time of making advances.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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