Tds payment date
This query is : Resolved
ATANU BANERJEE
(Querist)
07 June 2016
What is relevant date for payment of TDS to Govt. is it the Invoice date or payment date? Actually supplier has send their invoice in may'16 and it was accounted on june'16 and TDS deduction date is june'16.So the payment of TDS should be made within 07.07.2016. Is the right process? Can any one share me any link for that.
Gokul Sharma
(Expert)
07 June 2016
TDS SHOULD BE DEDUCTED AT THE TIME OF BOOKING OF EXP OR PAYMENT WHICH EVER IS EARLIER.
Gokul Sharma
(Expert)
07 June 2016
AND TDS SHOULD BE PAID TO GOVT BEFORE 7 TH OF NEXT MONTH
ATANU BANERJEE
(Querist)
07 June 2016
Suppose I book it on june'16 and Invoice date is May'16, then what happend.
Rupesh Jain
(Expert)
07 June 2016
you have to deduct the tds when you book the bill or payment which ever is earlier.
Gokul Sharma
(Expert)
07 June 2016
int @ 1% will levy of Non Deduction of TDS
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