Tds


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 January 2014 SIR,
WHAT IF TDS NOT DEDUCTED BY US WHILE MAKING THE PAYMENT TO PARTY WE PAID FULL AMOUNT TO PARTY...CAN WE ADJUST IT IN NEXT BILL OR NT..??

THANKS IN ADV..

AVTAR SINGH (Expert)
28 January 2014 Deposit the amount of TDS immediately to avoid interest. Debit the party with this amount and recover from next bill. For TDS purpose the liability arose when you made the payment or credited party's account. So don't wait till the next bill and deposit the amount.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 January 2014 OK THANKS
BUT SIR CAN WE RECOVER PREVIOUS BILL AMT FROM NEXT BILL OR NT..??

AVTAR SINGH (Expert)
28 January 2014 Definitely you can recover. If you are making payment of TDS on behalf of party, you have right to recover from next bill.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details