Tds query

Hi Saurabh,

The thumb rule of TDS Say that , TDS is to be deducted , on the basis of when the payment is made or the a/c is credited whichever is earlier. Accordingly, in the instant case, you have made the payment, hence the TDS is to be deducted. 

payment has been made in last yr  bhusan  30000

so tds shud not be deducted

Bhai, barar hai yaar but phir last year hi  TDS deduct kar lena chayiye ... I think so.

But , agar tu expenditure is saal claim karne wala hai toh tds deduct karna padega..

Agree with Bhushan.

bhusan bhai . u said TDS is to be deducted , on the basis of when the payment is made or the a/c is credited whichever is earlier.

in this case payment has been made earlier suppose it is 25000 in which 5000 for the year n 20000 as prepaid . toh last year vmjhe tds ni lena hga na?

ha , as far tds to be deducted agar last year slab rates mein nahi aa rahaa hai toh nahi kaat na hoga bt yaar, agar tuje uska expenditure claim kar na hai to tds deduct karna padega n agar tu claim nahi kar raha expenditure toh tu nahi kaate ga toh chalega.

TDS had to be deducted in previous year only for entire Rs. 25,000

Divya

TDS wont be deducted as the amount is not mre than 30000

Bhushan got u thanks

totally agree with mr bhusan TDS to be deduceted payment or credit which ever is earlier

sir main jaha job kar raha hun waha par last may se tds deduct kia hai but avi tak pay nai kia gaya to mujhe kya panely lagege or ishko kese manage karu pls suggess me