Advice Needed for TDS

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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4 Replies

CA Aakarsh Jain (CA) (10216 Points)
Replied 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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Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 20 May 2022

What is the date of service bill ?

CA Puja Sharma (Chartered Accountant) (4874 Points)
Replied 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.

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 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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