Tds on payment or bill which ever earlier
Querist : Anonymous
I have received service for Equipment hire
first i have deducted TDS on Advance i.e.
50k
paid 49k
then i have received bill for rr.1,50,000 plus service tax.
again i have paid 98k after deduction TDS
2K.
now i have make rest payment & need to deduct TDS pl guide
now what should i do should i deduct TDS on Bill or shall i continue deduction on payment.
pl provide me the journal & Payment entry.
Thanks.
Querist : Anonymous
I am still confused it i know every time if i have to deduct & make payment.
but the question i have made advance payment then i got bill so rest TDS how wold i deduct on payment basis or on Bill.
sir pl reply its urgent
Thanks
Querist : Anonymous
rest payment will release in april
then how could i make TDS entry?
Querist : Anonymous
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