Menu
TDS Tax deducted st sources
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.
Replies (5)
TDS will be deduct on June (Bill Date).
(TDS will be deduct on bill date or payment date whichever is earlier.)
(TDS will be deduct on bill date or payment date whichever is earlier.)
If you are missed to deduct on june then deduct on march (payment date).
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 .
Sec 194 under various subclass mentions tds to be deducted on the basis of credit of bill or payment whichever is earlier.
@ 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.
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.
Recent Threads
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responcible to pay GST Liability (If Servi
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
Related Threads
CAclubindia
