tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2011
if bill belongs to june... and expense is booked in september.... and tds is also deducted on the same day. will section of late deduction of tds will appy on this transaction...????
20 January 2011
No. TDS is required to be deducted at the time of payment or credit whichever is earlier. If you booked the bill in september and TDS deducted on the date of booking. Interest on late deduction will not be applicable.
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