15 September 2016
An invoice raised on 1st March 2016 and the same received on 25th April 2016. The particular invoice has been booked on 30th April 2016. Our books have been closed on 31st Mar 2016.
How we will calculate the TDS?
TDS liability will be calculated from the invoice date? or from the accounting date?
24 October 2016
If u can show the delivery proof to the IT department regarding receipt of the invoice then no need to worry, u can deduct TDS in april month, and pay it normally. But if u can't show the details then its better to book it in previous year and pay TDS with interest. I'll suggest to book it in current year only,lets postpone the thing til u receive any query from the Dept.
CAclubindia
