TDS dedn.
This query is : Resolved
21 March 2011
Dear sirs, When TDS is actualy deducted 1) at the time of entry of bill or 2) at the time of pmt. to creditor/vendor?
21 March 2011
TDS is required to be deducted at the time of payment or bill entry whichever is earlier. If payment is made as advance TDS should be deducted on advance.
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21 March 2011
TDS is required to be deducted at the time of payment or credit whichever is earier.
This means if you making advance payment to a contractor also liable for TDS deduction....
This means if you making advance payment to a contractor also liable for TDS deduction....
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21 March 2011
yes agreed,
both payment or accrual basis whichever cross the thresshold limit.
both payment or accrual basis whichever cross the thresshold limit.
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23 March 2011
THANX A LOT TO ALL 3 EXPERTS
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