my one Client have hotel so one event party raise a bill for whole year in march to hotel name but still not made a payment so should hotel company deduct tds in march or at time of payment which still not made because audit team said that tds must deduct in march when bill raise so please guide
thank you
Menu
TDS for bill raise on March or at payment in May
Replies (2)
if you are following mercantile system of accounting then it has to be during the month of March else during the time of receipt
TDS deductible on march.
Recent Topic
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
Related Topics
CAclubindia
