Tds

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Querist : Anonymous

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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..

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.

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Querist : Anonymous

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

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.


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