Tds payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2012
do i need to deduct & tds on receipt of invoice , even if i have a credit period of 3 months..
Is Interest applicable as for late paymet of TDS in case of payment after expiry of credit period.
Is Interest applicable as for late paymet of TDS in case of payment after expiry of credit period.
07 July 2012
Dear Friend, TDS will be deducted at the time of booking or payment whichever is earlier. You have to deduct the TDS while booking the invoice other wise you have to pay interest on it.
Mohit Naithani
(Expert)
07 July 2012
TDS is to be deduct at a time of credit or at a time of payment, whichever is earlier.
Agree with Deepak Sir.......
Agree with Deepak Sir.......
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