Tds on advance payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2016
i made advance payment in august 2015 and TDS deducted against such advance payment , now in February 2016 received a bill (without service tax) whether i can book this bill, whether any problem i have to face for bill book after 30 days after advance payment.please mention case law or circular please mention.
Ganeshbabu K
(Expert)
16 February 2016
You have followed tds provisions properly,,why you will get problem you can book expense on date of receipt of bill
.
.
What case or circular i should provide for,,, this is simple accounting concept.you can book expense when you receive bill ,,and u did correct deducting tds on advance payment as per RULE
.
.
What case or circular i should provide for,,, this is simple accounting concept.you can book expense when you receive bill ,,and u did correct deducting tds on advance payment as per RULE
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