Tds(aDVANCE)

This query is : Resolved

sona1 (Querist)
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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

Dhirajlal Rambhia

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

Message likes : 1 times

sona1

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

Dhirajlal Rambhia

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

sona1

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

Dhirajlal Rambhia

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

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