14 May 2013
Bill is credited(Ref : 194C) in a Finacial Year but tds is deducted in next finacial year. Is it wrong? if yes what are procedures to correct this mistake?
14 May 2013
TDS need to deduct accrual or payment which ever is earlier. so booking bill in one financial year and deducting tds on next financial year is non compliance of TDS provisions, hence need to account the tds in same year
CAclubindia
