Tds deduction
This query is : Resolved
23 April 2013
Whether interest is calculate or not on following case:
Date of Invoice :22/02/2013
Date of payment :06/03/2013
Date of Invoice :22/02/2013
Date of payment :06/03/2013
23 April 2013
If expenses have been accounted in March month, need not to pay interest.
23 April 2013
TDS should be deducted on the date of payment or credit whichever is earlier. So if bill is booked in March and payment made in March interest is not required to be paid.
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