when a payment for a bill for professional services received is made in part then how much TDS we should deduct, whether TDS should be deducted proportionately with respect to ratio of payment or in any other way?
G. Nageswar Rao (No) (73 Points)
30 July 2013
CA. Kunal Lakhotia
(ACA)
(1006 Points)
Replied 30 July 2013
complete as Act states that TDS to be deducted when amount is paid or payable, whichever is earlier
G. Nageswar Rao
(No)
(73 Points)
Replied 30 July 2013
Thank you Kunal Sir. If a bill has not been paid at all then is it necessary to deposit TDS?
Rohit Gupta
(----)
(94 Points)
Replied 30 July 2013
yes,
it is necessary to deposit TDS after deducting TDS whether payment made or not
CA. Kunal Lakhotia
(ACA)
(1006 Points)
Replied 30 July 2013
yes you have to deposit TDS by 7th of next month in the month which bill has been posted in books
A.JAGADEEP
(ARTICLE STUDENT)
(151 Points)
Replied 31 July 2013
As pre Sec-194J, Tds on Professional/ Technical service is deducted, date of payment or date of giving credit to the account. Irrespective of received amount, TDS should be deduct on Total Invoice value.
so TDS is deducte for total value of invoice amount and deposit it before 7th of next month.
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