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TDS on Monthly Provisions for Third Party Payment for Factory Worker Salaries

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39 Points Posted on 07 March 2022
Our Factory worker salaries paid by consultant and they provide bills and we make monthly provision for and booked the same bill when we get from that consultant so when we liable to deduct TDS at the time of making provision or time of booked the same bill...?
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On 07 March 2022 at 21:23 Report
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10 Points Posted on 08 March 2022

TDS has to be deducted at the time of making provision on current month if you are booking the bill on next month.

Need to deduct against whichever transaction is earliest.

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On 08 March 2022 at 10:36
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Profession Business
28202 Points Posted on 09 March 2022
Generally provision has to be made on receipt of the bill at the month end even it is not certified and tds to be estimated and paid.
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On 09 March 2022 at 10:38
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39 Points Posted on 09 March 2022
Suppose I made provision 0n 31 st january and get the bill on February and Bill date is 05.03.2022

then when I deducted TDS ?
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On 09 March 2022 at 12:41


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