Tds applicability on company
This query is : Resolved
Quick Summary
07 May 2026
Hi,
if we put provision of an expense (from our regular vendor) on 31st march then the tds appllicability will come during that year or when we receive and consider the bill?
if we put provision of an expense (from our regular vendor) on 31st march then the tds appllicability will come during that year or when we receive and consider the bill?
07 May 2026
Section 194 requires TDS on payment or credit—whichever is earlier. A provision for a known vendor counts as a credit, triggering TDS in the same financial year.
TDS sections state tax is due upon "credit of such sum to the account of the payee" or by "whatever name called" (like a Provision account).
TDS sections state tax is due upon "credit of such sum to the account of the payee" or by "whatever name called" (like a Provision account).
07 May 2026
You are welcome.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Lease agreement and tax on sale
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- Entries in AIS regarding sale of units and shares
- Internship/Academic shown in Salary Pay Slip of a Doctor
- CCFS 2026 Schemed
- House Property Reporting in ITR
- TDS Claim year
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
