Tds

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Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2015 Dear all
the architect has given the bill on 26/3/2015 and payment for the same is to be made on 5/4/2015. please tell me which date will be consider in TDS return for TDS deduction.. whether 31/3/2015 or payment date 5/4/2015

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CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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28 March 2015 when u had entered the bill in your books ????

date of credit/ payment whichever is earlier

CA Pankaj Kr Agrawal

CA Pankaj Kr Agrawal (Expert)
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29 March 2015 Tax is to be deducted
either at the time of credit to the account of the payee,
or at the time of payment in cash, cheque, or by any other mode,

whichever is earlier.

Note:- 'credit' imply the credit given to the deductee's ledger account in the deductor's books.

prima Facie in your case
TDS shall be deducted on March' 2015 and the same shall be deposited on or before 30th April'2015

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2015 DEAR SIR
THE BILL WAS GIVEN TO ME ON 26/3/2015, HENCE ON 26/3/2015, I HAVE PASSED THE FOLLOWING ENTRY IN MY BOOKS OF ACCOUNTS TO CREDIT THE AMOUNT IN SERVICE PROVIDER LEADER THE FOLLOWING ENTRY IS AS UNDER...
LEGAL& PROFESSIONAL SERVICE DR...
TO TDS PAYABLE .....
TO SERVICE PROVIDER....

I HAVE PASSED THIS ENTRY IN MY BOOKS OF ACCOUNT ON 26/3/2015 BILL DATE. AND CREDIT THE AMOUNT IN SERVICE PROVIDER LEADER ALSO MADE THE DEDUCTION ON THE SAME DATE ON 26/3/2015.
PLEASE TELL ME. DOES THIS DATE 26/3/2015 WILL BE SHOWN IN TDS RETURN...

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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30 March 2015 u need to deduct it on the date when u entered the bill i.e. 26.03 and deposit the same on or before 31st march...

yes the date wil b 26.03 for entry

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2015 but sir
the TDS payment date is 30/4/2015 as far i know..

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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30 March 2015 oops yes , by mistake i typed it...yes last date is 30th april