When tds is to be booked
This query is : Resolved
Querist : Anonymous
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.
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
So only if they have made advance payment they have to deduct TDS
Thanks
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2013
but when to book the expense.
10 August 2013
you can book expenses between receipt of bill to making payments.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Regime change
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
