Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 May 2014
iam purchasing the raw material in Party A.he is an dealer of Party B.the invoice is issued by party b to me.party a had paid the invoiced amount.we will pay the amount party a with one month credit period.and they will charge interest to me.in that case we are deduct TDS to party A or not.
Guest
Guest
(Expert)
12 May 2014
TDS will be deducted
1. At the time of bill entry in your books
2. At the time of payment
Which ever is earlier
So see what u had done first.. if u had entered bill first u r liable to deduct tds or if u had paid then at the time of payment
1. At the time of bill entry in your books
2. At the time of payment
Which ever is earlier
So see what u had done first.. if u had entered bill first u r liable to deduct tds or if u had paid then at the time of payment
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