Section 194Q
This query is : Resolved
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Naresh Kumar Kejriwal
(Querist)
22 June 2021
As per section 194Q, whether TDS would we deductible at the time of booking of invoice ??
22 June 2021
Tax is required to be deducted at the time of credit of such sum to the account of the seller or at the time of payment thereof by any mode, whichever is earlier.
CMA Poornima Madhava
(Expert)
22 June 2021
Yes, you shall deduct tax at source at the time of accounting of invoice provided no advance payment in respect of the same is made.
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