tax deduction
This query is : Resolved
31 May 2008
i received expert's answer as deduction of tds to be made on basis of bill wise
but i have seen shared file where it is mentioned that TDS deduction to be made P.A . basis
what is final conclusion ????
but i have seen shared file where it is mentioned that TDS deduction to be made P.A . basis
what is final conclusion ????
CA Anuj Garg
(Expert)
02 June 2008
I think ur ques is whether TDS to be deducted on annual basis or Individual Bill wise
If It is than TDS to be deducted when credit or payment whichever is earlier
So it means when you give credit for a particular bill TDS need to be deducted on total amount
If It is than TDS to be deducted when credit or payment whichever is earlier
So it means when you give credit for a particular bill TDS need to be deducted on total amount
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