When is tds is to be deducted
This query is : Resolved
06 June 2017
what will happen if th eexpenditure is booked without TDS on 31 March and payment is made in April after deducting TDS
06 June 2017
If TDS Deducted in April paid before 30th April no interest need to be paid else interest applicable.
06 June 2017
Sir,
I book the expenses on 31. March and deduct TDS. Can I remit the TDS at the time of payment to party in May.what are the implications
I book the expenses on 31. March and deduct TDS. Can I remit the TDS at the time of payment to party in May.what are the implications
06 June 2017
No it has to be remitted on or before 30th April. If TDS remitted in May 3 moths interest of 3% payable.
06 June 2017
Thanks sir. One more query. Can I book the expense without TDS on 31.3.17 and deduct the TDS at the time of making payment
07 June 2017
No that is not possible.
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