banner_ad

Tds applicability

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 February 2012 respected experts,

we take bank finance , it disburse on 31.03.2011 same directly paid to vendors who provide service and machine. since invoice for the same received in further month say may june so when tds applicable? am i correct to deduct and pay in this AY 2011-2012 as per invoice? otherwise what problem arise?
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
19 February 2012 On which amount you want to deduct tax ?

A. Interest Payable to Bank

Reply- No TDS is required.

B. Payment for machinery.

Reply- No TDS is required to be deducted.

C. On any other Transaction ????

Reply- Please clarify.
Profile Image

PRAMOD PANDIT M.COM , CA FINAL

Profile Image

PRAMOD PANDIT M.COM , CA FINAL (Querist)
26 February 2012 respected sir, we make a payment to labour contractor and service contractors!
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
26 February 2012 Tax has to be deducted on the basis of "paid or credited which ever is earlier".
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details