Date of tds

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 February 2015 I want to deduct TDS on commission but query is on which date TDS is deductible if 1) bill date is 01/01/2015 2) bill recorded in books of account on 25/01/2015 and 3) payment date against the same bill to the party is 02/02/2015.
Kindly reply..
Regds,
Pradip

03 February 2015 TDS to be deducted on the date of payment or credit whichever is earlier. So in the given case TDS required to be deducted on 25.01.2015.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 February 2015 Thank you sir, for your reply. one more doubt is, if bill date is 04/04/2014 , we received the same on 01/01/2015 then on which date we have to record this bill in our books of accounts and explain if we recorded it on bill received date then what will be the effect during the audit.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 February 2015 Thank you sir, for your reply. one more doubt is, if bill date is 04/04/2014 , we received the same on 01/01/2015 then on which date we have to record this bill in our books of accounts and explain if we recorded it on bill received date then what will be the effect during the audit.

03 February 2015 You need to record it in your books on the date of receipt and deduct TDS therefrom.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details