Tds applicability on company
This query is : Resolved
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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.
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