Tds on payment or bill which ever earlier

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2014 Sir,
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.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 March 2014 everytim u make payment u need to deduct tds....

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2014 Sir,
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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 March 2014 it will be on payment basis only.....

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2014 Sir,
rest payment will release in april
then how could i make TDS entry?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 March 2014 then on accrual basis u need to book entry....for april in march itself...

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2014 It means should i have to make provision entry for the same?