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When tds is to be booked

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 August 2013 one of my audit client is builder & developers. they book their bills on receipt i.e. if a bill is dated on 26/03/2012 and they book it on 5/05/2012 claiming that they received bill on that date only. is it right in context of tds.
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@VaibhavJ

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@VaibhavJ (Expert)
10 August 2013 Yes, TDS to be booked while booking expenses or making payment whichever is earlier!!

So only if they have made advance payment they have to deduct TDS

Thanks
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 August 2013 but when to book the expense.
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@VaibhavJ

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@VaibhavJ (Expert)
10 August 2013 you can book expenses between receipt of bill to making payments.
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