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.
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