Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 May 2014 iam purchasing the raw material in Party A.he is an dealer of Party B.the invoice is issued by party b to me.party a had paid the invoiced amount.we will pay the amount party a with one month credit period.and they will charge interest to me.in that case we are deduct TDS to party A or not.

Guest

Guest (Expert)

12 May 2014 TDS will be deducted

1. At the time of bill entry in your books
2. At the time of payment
Which ever is earlier

So see what u had done first.. if u had entered bill first u r liable to deduct tds or if u had paid then at the time of payment