Regarding Tds

945 views 8 replies

Dear Friend

If i received expense billing on 28.09.2010. and the date of bill is 28.04.2010. in such case where i consider  this transaction.

in 1 QTR or 2nd QTR.

 

Replies (8)

If amount paid in advance then tds tobe deducted on payment and return to be filed accordingly. If payment not given you can book expneses one sep 10.

Let see others view also.

Dear Deepak

If advance payment has'nt made then.

and you have mentioned on sept 10 i can book the bill . there is any rule for that. why its on sept.10?

 

 

As you have not made advance payment than you can book expenses on 28-09-10 & consider in 2 Qtr.

PS : TDS is to be deducted at the time of payment OR credit which ever is earlier

If amount paid in advance then tds tobe deducted on payment and return to be filed accordingly.consider in 2 Qtr.

Originally posted by : Nayan Das

If amount paid in advance then tds tobe deducted on payment and return to be filed accordingly.consider in 2 Qtr.

Guyzz,

there are certain issues about that which i wish hopefully able to clarify.

see the the bill is related to April 10 and that if the expense was related to the april month then the TDS is to be deducted in the 1st Qtr..

thats the correct way....

but if the return of that qtr. is already uploaded and the bill if dated of sep 10 then you can consider it in the 2nd Qtr. retrun on the basis of "Bill Credited to account".

Hi Chetan,

Your Query is Clear or Not please reply

I agree with Nayan Das ji because if the payment of cheque is pending.

So, it may can covered on 2nd Q if the cheque clear end of september month

.... bcoz when u make the return in 26Q,

you have to put the challan no. of payment  on excel sheet.


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