09 August 2008
We follow different Formula for tds on bill amount and on payment amount. Th logic on payment is that the payment will be after tds hence on payment we put reverse formula and on bill amount we follow direct formula
09 August 2008
when you are maintain A/C's on mercantile basis then you will deduct TDS when entry is made in the books & paid to the tresury on 7th of the following month
CAclubindia
