Tds queries. .
This query is : Resolved
15 November 2013
Please tell that can I deduct and pay TDS for back dated bill. as one of my party has given back dated bills.... and I have already filled my TDS returns for the respective quarters. . so what will be the treatment for TDS of those bill can I deduct the TDS now in this quarter. . as the party has not yet crosed the threshold limit. . but it will exceed the threshold limit in near future... Please suggest. .
Nikhil Kaushik
(Expert)
15 November 2013
the date of the bill is not relevant for TDS. if you are making the payment now, you should deduct the TDS now and show the same in current quarter's TDS return. once it crosses the TDS limit, then you have to deduct TDS.
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