03 April 2015
Dear if you have made advance payment to party before booking Jv u will deduct and pass payment entry and if u are first passing JV than at the time of Booking ...Also you need to check the party ledger whether it is crossing TDS slab.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
08 April 2015
Thanks for responses all, but still i am not cleared.
My question is at the time of JV there is Expenses GL and Liability GL booked. Vendor / Party is not touched here then TDS is deductible or not ?