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TDS PAYMENT U/S 194C

This query is : Resolved 
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(Querist)
13 June 2022 Sir, please explain the due date for TDS payment u/s 194c will be calculated from the
1. Invoice date (the date which is printed on invoice) (OR)
2. the date on which the payment was made to the concern party after deducting TDS
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Sonnal Khandaray

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Sonnal Khandaray (Expert)
13 June 2022 Credit to the party in the books of accounts or payment whichever is earlier.
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CA Puja Sharma

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CA Puja Sharma (Expert)
13 June 2022 The TDS should be deducted from the earliest of the two:
1. Credit in the books of accounts
2. Date of payment

Suppose you record the entry based on the invoice date, then TDS to be deducted on the invoice date.

The due date for payment is the 7th of the following month, in which TDS is deducted except for March, which is the 30th of April.
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Sonnal Khandaray

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Sonnal Khandaray (Expert)
13 June 2022 Date of receipt of invoice should be entry date in the books and not the invoice date printed on the invoice.
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PARVATHY R

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PARVATHY R (Querist)
28 June 2022 Thank you for your kind reply
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