Tds on provision deducted & paid

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Rohan (Querist)
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03 August 2017 We deducted and paid TDS on provision in March 2017. Can we TDS return on provison basis in Q4 or actual invoice booking quarter?

CA Saloni

CA Saloni (Expert)
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03 August 2017 TDS is to be booked on Bill or advance whichever is earlier...
You have booked on provisional basis, that's also fine. You must have deposited it by now. So you can show in Q4 return...

Rohan

Rohan (Querist)
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03 August 2017 If we return on actual bill booking quarter, is it fine or not?

CA Saloni

CA Saloni (Expert)
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03 August 2017 But if you have deposited, you must show in that Qtr return...

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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03 August 2017 Show Provisional amount and TDS deducted thereon in TDS return of Q4 of FY 2017-18. After receipt of actual bill show the Balance amount and TDS thereon in the return. In this case you can not show on actual bill as you have deposited TDS on provision amount.

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