Tds deduction

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2015 Dear all
i have received the bill of rs. 50000 for professional service on 20/3/2015. and payment will be made on 5/4/2015 for the same.
please let me know on which date should i make TDS deduction liability in my books of account whether on bill date 20/3/2015 or on 31/3/2015 or 5/4/2015 payment date.
and which one of these date will be consider in TDS return.

please reply

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

30 March 2015 u should accountfall it on 20.03.2015 as bill is received and u have to enter that in current month in books of accounts..

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2015 DEAR SIR
on bill received i have passed the following entry in my books of accounts
professional service expenses DR....
TO service provider....

sir. on 20/3/2015. i while passing the above entry i have credit the amount in service provider leader but i have not made TDS liability on the same day.

please tell me on which date we should make TDS liability whether on 20/3/2015 bill date or on 31/3/2015 closing of the month..

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

30 March 2015 my dear friend when u had credited the party on 20.03, u need to deduct tds on 20.03

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