TDS deduction

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Madhusudhan Reddy (Querist)

22 November 2017 I have a query wrt TDS deduction. I received a bill dated 30-10-2017 as on 8.011.2017.On what date should i pass this entry.When TDS needs to be remitted.Please clarify it asap. Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

22 November 2017 You can pass the entry on 08/11/2017 and pay TDS on or before 07/12/2017.

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Madhusudhan Reddy

Madhusudhan Reddy (Querist)

22 November 2017 Dear Sir, Thank u for u r response

Madhusudhan Reddy

Madhusudhan Reddy (Querist)

22 November 2017 Is there any provision in the act stating your comment.Please let me know that section

Anand

Anand (Expert)

22 November 2017 every section of TDS states that tax is to be deducted at the time of payment or credit to account of person whichever is earlier. the act will not tell you when to account for the expenses. it would be reasonable to account for the bill on date of receipt or date of approval of the bill by the company.

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