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Tds

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Querist : Anonymous

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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.
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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
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