30 March 2015
Dear all i have received the bill of rs. 50000 for professional service on 20/3/2015. and payment will be made on 5/4/2015 for the same. please let me know on which date should i make TDS deduction liability in my books of account whether on bill date 20/3/2015 or on 31/3/2015 or 5/4/2015 payment date. and which one of these date will be consider in TDS return.
30 March 2015
u should accountfall it on 20.03.2015 as bill is received and u have to enter that in current month in books of accounts..
Querist :
Anonymous
Querist :
Anonymous
(Querist)
30 March 2015
DEAR SIR on bill received i have passed the following entry in my books of accounts professional service expenses DR.... TO service provider....
sir. on 20/3/2015. i while passing the above entry i have credit the amount in service provider leader but i have not made TDS liability on the same day.
please tell me on which date we should make TDS liability whether on 20/3/2015 bill date or on 31/3/2015 closing of the month..