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in Sec 194C Invoice made in 01.05.2014 & Payment made to 31.08.2014, Ampunt Rs. 105000/- in Which date, TDS is Deductable ?????????????
Replies (8)
Hi Jayesh!
Yes Deductablle,on Credit or payment which ever is earlier!
Thanks!
Agreed with Mr. Saxena, Credit or payment which ever is earlier and in your case the date of deduction would be 01.05.2014.
TDs will deduct 31.08.2014
i agree with CA Jayesh ji...
It's possible that invoice is received late and entry passed thereafter . so credit may be late and not invoice date. Be sure to enter the data correctly in TDs return to avoid interest payment
Yes, tds will be deducted on the date when amount credited in our books of accounts. To avoide interest tds should be deposited on or before 07/06/2014.
Yes, tds will be deducted on the date when amount credited in our books of accounts. To avoide interest tds should be deposited on or before 07/06/2014.
TDs will deduct on 01/05/2014....
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