Tds payment


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Querist : Anonymous

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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.

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.

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.......


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