Tds payment

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709 Points Posted on 11 March 2020
hi, question is we considered tds deposit date next of month,when bill is generated or we make payment to service provider
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On 11 March 2020 at 12:39 Report
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Quick Summary
This discussion clarifies the crucial timing for TDS (Tax Deducted at Source) payments. The principle is to deduct tax at the earliest of when the bill is generated, when payment is made to the service provider, or when the amount is credited to the deductee's account in the books of account. This 'whichever is earlier' rule ensures timely tax remittance.

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General Manager - Finance
1040 Points Posted on 11 March 2020

The concept of TDS is based on a simple principle i.e. tax is to be deducted at the time of payment or getting due of actual payment whichever is earlier.

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On 11 March 2020 at 13:31
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Profession
28261 Points Posted on 12 March 2020
The act says that.
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On 12 March 2020 at 07:34
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17269 Points Posted on 12 March 2020
When bill is generated OR we make payment to service provider OR when amount is credited to deductee account in book of account or even credit it to suspense account in books,
Whichever is earlier ......
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On 12 March 2020 at 11:24
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Profession
28261 Points Posted on 16 March 2020
@ sumit


at the time of payment or credit into a seperate account may be termed as accrual..
WHICHEVER IS EARLIER...
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On 16 March 2020 at 09:17

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