TDS deduction
This query is : Resolved
umesh_mishra16
(Querist)
24 June 2009
We have hired a security agency to provide security guards for office corporate office on 24/7 basis and for which the security company raising Invoices on monthly basis by 5th of next month.
As we are preparing MIS on monthly basis and closing the books of accounts every month, we are providing for security charges in our books every month on month end and reversing the provision next month on start of the month, and then final invoice is booked on receipt of Invoice.
My query is whether I should deduct TDS on security charges on month end at the time of making provision or should I deduct the TDS at the time of booking actual invoice. Total security charges comes to Rs. 22500/-per month.
Kindly advice.
As we are preparing MIS on monthly basis and closing the books of accounts every month, we are providing for security charges in our books every month on month end and reversing the provision next month on start of the month, and then final invoice is booked on receipt of Invoice.
My query is whether I should deduct TDS on security charges on month end at the time of making provision or should I deduct the TDS at the time of booking actual invoice. Total security charges comes to Rs. 22500/-per month.
Kindly advice.
CA Tilak Raj Sharma
(Expert)
24 June 2009
At the time actual ivoice booking or patyment w.e. is earlier.
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