When to deduct tds
This query is : Resolved
manish sharma
(Querist)
26 April 2014
Sir,
I m a Service Provider my TDS is deducted By the Other Party Concern....
So My Doubt Is That whether to Record Tds Deducted at the Time of Bill Issue or Whenever The Payment Is received..
Sir Please Tell Me That...
It's Urgent....
I m a Service Provider my TDS is deducted By the Other Party Concern....
So My Doubt Is That whether to Record Tds Deducted at the Time of Bill Issue or Whenever The Payment Is received..
Sir Please Tell Me That...
It's Urgent....
srinivas reddy
(Expert)
26 April 2014
you have better to recognize at the time of issue the invoice ..........and check with form 26as
Nikhil Kaushik
(Expert)
27 April 2014
Dear Manish,
given that deduction of taxes is not in your hands, it is preferable to book it only at the time of receipt of dues.
given that deduction of taxes is not in your hands, it is preferable to book it only at the time of receipt of dues.
manish sharma
(Querist)
29 April 2014
Thanx Sir For the information
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