If TDS is to be deducted at the time of giving credit to the party in the books, then take the below example, the invoice is rasied on say 20th May 2016 and we recorded in the books on 3rd June 2016, then do we need to pay the tax on 7th of June or on 7th of July.
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When is TDS to be deducted?
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If TDS is to be deducted at the time of giving credit to the party in the books, then take the below example, the invoice is rasied on say 20th May 2016 and we recorded in the books on 3rd June 2016, then do we need to pay the tax on 7th of June or on 7th of July.
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