Can I deduct TDS on Advance payment towards advertisment
expenses.
Answers were Sorted based on User's Feedback
yes,
in case of advance payment you should deducted tds @ 1.03%
on advance payment
| Is This Answer Correct ? | 31 Yes | 5 No |
Answer / soundar
yes,
Please note that payment or accounting whichever is
earlier we have to deduct TDS
| Is This Answer Correct ? | 21 Yes | 3 No |
Answer / sumit
yes,
u have to deduct TDS on advance payment
as per the tds law tds is deducted on credit or on payment
which ever is earlier
now new rate is 2%
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / p. navaneetha krishnan
Yes,
TDS to be deducted for advance payment / accounting against
vendor bill, as per the law.
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / dileep singh
Please note that payment or accounting whichever is
earlier we have to deduct TDS in case of advance payment
you should deducted tds @ 1%
on advance payment
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / bhuvnesh rao
yes, u have to deduct tds, on advance payment.
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / maragatham
But, that advertisement advance payment accounted in that name only not on the expenses.
Then how why should we deduct in the advance amount
| Is This Answer Correct ? | 0 Yes | 2 No |
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