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Question

If i pay 50% advance to advertise agency towards 
advertisement expensise, should I deduct TDS on advance 
payemnt.

Question Submitted By :: Ktngjjr@yahoo.co.in

I also faced this Question!!

Rank

Answer Posted By

Re: If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.

Answer
# 1

yes if we are paying any advance or full payment for 
advertising exp. we will have to deduct tds

Is This Answer Correct ?

6 Yes

0 No

Ashish

Re: If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.

Answer
# 2

If we make any payment whether it is advance or partial or 
full & final settlement to as such parties on which TDS is 
implement than we will have to deduct TDS.

Is This Answer Correct ?

3 Yes

0 No

Nikhil Badaya

Re: If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.

Answer
# 3

yes , but full fill the conditions that is if single 
payment exceeds Rs.20000/- or payment made in the year 
exceeds Rs. 50000/- (in agreegates) then tds will atract

Is This Answer Correct ?

4 Yes

0 No

Ram

Re: If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.

Answer
# 4

The advertising agency, contract is exceeds Rs.20000/- (in a
single payment/contract) or in a year Rs.50000/-. So, TDS
can deduct on advance payment.

Is This Answer Correct ?

1 Yes

0 No

Pc Sekhar

Re: If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.

Answer
# 5

Yes, we have to be paid TDS Becoz TDS Deduct at payment or 
expances book which ever is earliset.
@1.03%

Is This Answer Correct ?

2 Yes

0 No

Umesh Tayal

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