TDS deductable on bill amount or amount payable
This query is : Resolved
chamarthi venkatesh
(Querist)
18 February 2017
Dear sir,
I have a doubt regarding the following situation
Bill amount. - 100000
Advance already paid. - 20000
TDS Deducted (80000×1℅) - 800
In this case whether TDS is to be deductable on 100000 or 80000
19 February 2017
Total Tds deductible is on Rs. 100000. Tds is generally deductible at the time of payment or accrual basis whichever is earlier. So you should have deducted on Rs. 20000 at the time of payment and balance when the bills were raised.
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