Tds

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varsha (Querist)
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28 January 2015 if anybody booked cash payment directly in expense instead of creating ledger of the laborer. then tds on that amount is applicable or not

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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28 January 2015 which exp are you referring to?
tds is applicable either on cash payment or cheque or book entry whichever is earlier provided it is included in either of sec 192-196D

Sandeep Dharar

Sandeep Dharar (Expert)
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28 January 2015 TDS is attracted on the transaction whether it is in cash or Bank(if it crosses the limit mentioned in respective section).

Hence if u have not entered it separately then the amount will b treated as inclusive of TDS, and u have to pay it from ur own pocket to the Govt.

And if u have deducted TDS on the amount then it is advisable to record it separately

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