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Uday Kumar (Lawyer)     01 February 2020

Tds rule

A Company has deducted TDS on the Invoice payable to me, TDS has been even deposited for which we even credit has been shown on Income Tax website but Invoice amount has not been paid ... so I wish to know what the rule of TDS,,,,I understand that TDS can be deducted at the time of making payment and not in advance ...Please educate and correct me.


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 1 Replies

Nitin   17 February 2020

Sir,
As per TDS rule

TDS will be applicable either bill submitting to party or advance payment whichever is earlier.

FYI: As you are lawyer TDS of 10% deducted u/s 194J of the income tax act.

 

 


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