Accrual of tds liabilty
This query is : Resolved
23 December 2015
Our company is receiving an Invoice in the month of Nov'2015 from the contractor for the service provided on continuous basis in the month of Oct'2015.
Date of Invoice is say 02-11-2015. Booking of Invoice in accounts is done when the Invoice is received i.e., on or after 02-11-2015.
Q1) What is the due date of payment of TDS. a) 07-11-2015 or b) 07-12-2015.
Please guide.
Date of Invoice is say 02-11-2015. Booking of Invoice in accounts is done when the Invoice is received i.e., on or after 02-11-2015.
Q1) What is the due date of payment of TDS. a) 07-11-2015 or b) 07-12-2015.
Please guide.
23 December 2015
TDs is accounted as and when accrued or any advance payment made towards Fees for Contractor TDS to be deducted. If Bill DATED IS EARLER THAN ADVANCE TDS TO TO BE DEDUCTED on 02/11/2015 REMITTANCE DUE DATE WILL BE 07/12/2015.
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