19 August 2014
if i received a invoice from service provider , invoice date is 29th July invoice receiving Date on 31st July entry Date in tally is 2nd August now just i want to know journal entry date in tally is right and will effect of TDS if we make entry on 2nd august .
20 August 2014
In the given situation, technically the entry should be on 31st July i.e., the date of receipt of invoice. But even if you book the invoice there will not be an issue. TDS to be deducted on date of payment or credit whichever is earlier. So the date on which you are booking the bill should be the date on which TDS should be deducted.
20 August 2014
you make always make entry when the invoice of service received and for purchases bill when you received the goods in your factory/shop premises. and the same date you have to deduct the tds etc.
CAclubindia
