Tds

This query is : Resolved

CA Nilam (Querist)
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07 October 2013 I have received bill of legal expense as on 07.10.2013 which relates to September and it is dated 30.09.2013. When i am required to deduct TDS? at the time of payment and to include in December quarter TDS return?? In accounting entry date will be bill date or date on which i received bill???

Arun Biyani

Arun Biyani (Expert)
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07 October 2013 accounting entry will be done on Bill date only and correspondingly TDS also require to be deducted on that date and to be paid in within 7 days from end of month.. therefore you need to take it in Sep quarter TDS return only, in case you have not paid TDS in time, pay with interest and in case return is filed then you have to revised return

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