banner_ad

TDS Tax deducted st sources

485 views 5 replies
User Avatar

Students/ Proprietor
114 Points Posted on 06 April 2024
If the cheque is dated March and paid by the client in May. When to deduct TDs: March or May? bill date is June months.
1 Reply Share Follow
On 06 April 2024 at 00:55 Report
Replies (5)
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 06 April 2024
TDS will be deduct on June (Bill Date).

(TDS will be deduct on bill date or payment date whichever is earlier.)
463 Reply
On 06 April 2024 at 08:00
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 06 April 2024

If you are missed to deduct on june then deduct on march (payment date).

463 Reply
On 06 April 2024 at 08:01
User Avatar

GST Practitioner & Accounts
15085 Points Posted on 06 April 2024

But Cheque  was issued in March will be valid for 3 Months only Up to May , I think he may not be able  deduct in June , so consider  this point while deducting  TDS .     

24 Reply
On 06 April 2024 at 09:29
User Avatar

Profession Business
28207 Points Posted on 06 April 2024
Sec 194 under various subclass mentions tds to be deducted on the basis of credit of bill or payment whichever is earlier.
44 Reply
On 06 April 2024 at 09:47
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 06 April 2024
@ Mr Prasad Nilugal,

I think the "bill in June" as PY. it means it's not June-24.


(Also TDS deductible on payment when it's booked in the books of accounts.
463 Reply
On 06 April 2024 at 10:18


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details