Tds laibility
This query is : Resolved
16 March 2017
Case1
Date of invoice is 24/10/2016
Date of payment is 31/12/2016
Date of entry in books31/12/2016
Case2
Date of invoice is 24/10/2016
Invoice received on 15/11/2016
Date of payment is 31/12/2016
Date of entry in books31/12/2016
When should we deduct TDS in both cases?
Date of invoice is 24/10/2016
Date of payment is 31/12/2016
Date of entry in books31/12/2016
Case2
Date of invoice is 24/10/2016
Invoice received on 15/11/2016
Date of payment is 31/12/2016
Date of entry in books31/12/2016
When should we deduct TDS in both cases?
16 March 2017
In both the case deduct TDS on 31/12/2016.
16 March 2017
Thank you sir, but the credit to party should be on date of invoice. can we delay it just because to defer TDS liability?
16 March 2017
No need to consider the invoice date for liability. You can delay it.
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