Interested to Buy Any Domain ? << Click Here >> for more details...
Can I deduct TDS on Advance payment towards advertisment
expenses.
- 7 Answers
- 18797 Views
- I also Faced
- E-Mail Answers
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 |
can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to day exp ( not for purchase a capital asset )
THE CUSTOMER IS FROM GOA STATE AND THEY PURCHASE GOODS FROM MAHARASHTRA UNDER C FORM THAT TIME THE CUSTOMER ISSUED C FORM ON WHICH AMOUNT TAXABLE OR INVOICE AMT(TAXABLE + 2%)?
How can I calculate TDS AND FBT tax for a Travel Company?
2 Answers Real Estate, Travel Plan,
i will get the tax exemption when my company offers medical premium that i will produce medical bills. plz clarify any one.
When calculating tds on bill ,TDS need to be calclated on "Base Amount" or "Base Amount"+ "Vat Amount" ? please answer with relevant provision
What are the TDS Rates for the financial year 2008-09?
Excise duty applicable for Handmade Production?
what is cost taxation
Define deferred tax liability?
what is the rate of service tax in haryana?
IF any payment made to resident but not ordinary resident in dollar, as provided technical & professional services in india which is taxable in india or PE-India is applicable for taxability in india
what is prepaid expenses & entry
Audit 
