TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 August 2010 when invoice is raised and payment is received the tds deducted by client is booked on brv date.

But when payment is not received, can tds deducted by client be booked on invoice date if FY has ended.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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25 August 2010 TDS to be deducted at the time of payment or credit whichever is earlier. SO it can be deducted at the time of booking the expenses also.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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25 August 2010 Yes it can be booked... OR alternatively a provision can be made.

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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25 August 2010 Since, the amount relates to one FY & the payment will be received in next FY, so the Provision of TDS to be deducted by client can be made on the last date of FY.

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