04 May 2016
I was just asking if bills related to march . but we paid in april . last year vendor was exempt from tds . if this bill we booked in our book against proviosion can we deduct TDS or Exempt
04 May 2016
TDS is on'Credit to books of accounts or date of payment, whichever is earlier'. Hence in your case, since the bill is presented in March and entry passed on the same day, your fear will not prevail. Be cool.
05 May 2016
tds limit, will consider as last year due to you are booking the bill agst last year prov. and if limit is cross then you have to deduct the tds.
CAclubindia
