Advice Needed for TDS

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39 Points Posted on 20 May 2022
Previous month service bill received in current month and TDS deduction at the time of entry. is it ok or not..?
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On 20 May 2022 at 08:48 Report
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Quick Summary
This discussion addresses the correct timing for Tax Deducted at Source (TDS) on service bills. The consensus is that TDS should be deducted either at the time of bill entry or at the time of payment, whichever occurs first. If a service bill is dated and paid within the same financial month, deducting TDS in that month is appropriate.

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CA
10436 Points Posted on 20 May 2022
TDS will be deducted at the time of payment or at the time of entry of the bill whichever is earlier.
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On 20 May 2022 at 09:07
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CFO- at NHTF
58280 Points Posted on 20 May 2022
What is the date of service bill ?
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On 20 May 2022 at 09:08
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Chartered Accountant
5010 Points Posted on 20 May 2022

If you have not made any advance payment, you can deduct the TDS in the current month when the bill has been booked. 

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On 20 May 2022 at 12:03
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CFO- at NHTF
58280 Points Posted on 20 May 2022
If bill date is in April and payment also in April then tds deduction in April is correct
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On 20 May 2022 at 12:21

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