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TDS Tax deducted st sources

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Students/ Proprietor
114 Points Joined November 2010
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.
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On 06 April 2024 at 00:55 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
TDS will be deduct on June (Bill Date).

(TDS will be deduct on bill date or payment date whichever is earlier.)
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On 06 April 2024 at 08:00
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"Do the Right Thing...!!!"
128147 Points Joined January 2015

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

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On 06 April 2024 at 08:01
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GST Practitioner & Accounts
15083 Points Joined March 2014

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 .     

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On 06 April 2024 at 09:29
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Profession Business
28196 Points Joined May 2017
Sec 194 under various subclass mentions tds to be deducted on the basis of credit of bill or payment whichever is earlier.
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On 06 April 2024 at 09:47
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
@ 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.
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On 06 April 2024 at 10:18

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