TDS Deduction

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42 Points Posted on 12 July 2020
My Confusion about TDS deduction. Someone give me advice to deduct TDS when bill receive but not payment.which will be correct TDS deducted rule as per bill or as per payment.
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On 12 July 2020 at 07:54 Report
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Quick Summary
This discussion clarifies confusion surrounding Tax Deducted at Source (TDS) deductions. The consensus is that TDS should be deducted at the time of booking the expense or making the payment, whichever occurs first. This rule applies regardless of whether the bill has been received or payment has been made.

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9 Points Posted on 12 July 2020
Deduct TDS at the time booking or payment whichever is earlier.
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On 12 July 2020 at 08:57
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Junior accountant
135 Points Posted on 12 July 2020
Mayur Sir Right.
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On 12 July 2020 at 10:35
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"Do the Right Thing...!!!"
128157 Points Posted on 12 July 2020
Yes... I agreed to Mr Mayur Bhutada.,

@ Mr Dibyendu.,

TDS will deductible at the time of booking expenses or payment whichever is earlier...
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On 12 July 2020 at 13:59
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Tax and Business Consultant
11616 Points Posted on 18 July 2020
Yes, TDS will deductible at the time of booking expenses or payment whichever is earlier.
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On 18 July 2020 at 17:41

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