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Can I deduct TDS on Advance payment towards advertisment
expenses.

Answers were Sorted based on User's Feedback



Can I deduct TDS on Advance payment towards advertisment expenses...

Answer / deepak jain ca

yes,

in case of advance payment you should deducted tds @ 1.03%
on advance payment

Is This Answer Correct ?    31 Yes 5 No

Can I deduct TDS on Advance payment towards advertisment expenses...

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

Can I deduct TDS on Advance payment towards advertisment expenses...

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

Can I deduct TDS on Advance payment towards advertisment expenses...

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

Can I deduct TDS on Advance payment towards advertisment expenses...

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

Can I deduct TDS on Advance payment towards advertisment expenses...

Answer / bhuvnesh rao

yes, u have to deduct tds, on advance payment.

Is This Answer Correct ?    5 Yes 4 No

Can I deduct TDS on Advance payment towards advertisment expenses...

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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