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TDS dedn.

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(Querist)
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?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
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....
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
21 March 2011 yes agreed,
both payment or accrual basis whichever cross the thresshold limit.
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Arbind Gupta

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Arbind Gupta (Querist)
23 March 2011 THANX A LOT TO ALL 3 EXPERTS
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