29 March 2016
Hi, We are paid supplier bill after deducting TDS as per rule. But my query is some vendor send their bills after the quarter end.for example supplier is send their 1st qtr.(1.4.15 to 30.06.15) bill on 15th july 2015 and we are accounted and paid them on 15th july after deducting the TDS. and we deposit the TDS amount on 1st of August 2015.Now my question is when we file the TDS return it is comes on 1st qtr return or 2nd qtr. return? Is this the right process to do?
29 March 2016
It comes under 2nd quarter. For TDS bill date is irrelevant it is only the accounting date/payment date is relevant for TDS. It is the right process.
30 March 2016
Bill date is 15th July So When you entered bill date which in 2nd Quater and Pay and deduction also done in (July to Sept) 2nd Quarter. So its a part of 2nd Qtr. not 1st Qtr. So you have to file in 2nd Qtr. tds return.
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