Tds(aDVANCE)

This query is : Resolved 
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This discussion clarifies how to report advance TDS (Tax Deducted at Source) payments in the 26Q return. If TDS was deducted on an advance payment, it should be reported in the quarter the advance was made. The date of payment/credit and the date of deduction in the 26Q return should reflect the date the advance was paid, even if the final bill is dated later.

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(Querist)
21 January 2023 We have Deducted TDS (ADVANCE) from One Party Rs. 5000.00 (u/s 94J) , Dt. 23/11/22 now party submitted his bill Rs .50000.00 Dated 20/01/2023

Our Question is
1) Can We show this Transaction 26Q Return in Q3,2022
2) If Yes then which date mention in Date of Payment/Credit ,Date of Deduction in 26Q Return
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
21 January 2023 1. Yes.
2. Date as of advance paid. i.e 23/11/22 for both ..
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sona1

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sona1 (Querist)
23 January 2023 But sir party Bill dated 20/01/2023..
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
23 January 2023 TDS is deducted based on either payment made or when the bill is credited to books of accounts, whichever EARLIER.
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sona1

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sona1 (Querist)
23 January 2023 THANKS SIR FOR YOUR REPLY
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
23 January 2023 Most welcome ..
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