TDS

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Tushar shah

Tushar shah (Querist)
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06 March 2010 Sir,
When tds shouid be deducted, if bill is raised in march-9 & payment recd. in april-9 ?
Thanks.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 March 2010
As TDS concern Amount credited or Payment received which ever is earlier so in your case March-09

CA Prashant Gupta

CA Prashant Gupta (Expert)
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07 March 2010 agree with Mr. Ramesh. but in your case if you issue the bill in Mar and recd payment in April then you have to see when party credited the amount if they booked bill in apr then they will deduct TDS in April also. but if you got the bill in march and booked in March and pay in April then TDS will be deducted in March

Tushar shah

Tushar shah (Querist)
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09 March 2010 Thanks Mr.Ramesh & Mr.Prashant for your reply.I hope such response in future also.

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