TDS deduction
This query is : Open
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
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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22 November 2017
Dear Sir,
Thank u for u r response
22 November 2017
Is there any provision in the act stating your comment.Please let me know that section
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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