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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Quick Summary
This discussion clarifies the timing of TDS (Tax Deducted at Source) deduction when making monthly provisions for factory worker salaries paid through a consultant. The consensus is that TDS should be deducted at the earliest of the two events: making the provision or booking the bill. If a provision is made in one month and the bill is received and booked in the following month, TDS must be deducted in the month the provision was made.