Tds 194 c

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amol santre (Querist)
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30 July 2011 Is the method for tds be consistent like billwise or payment.As the provision says any sum credited or payment made.
e.g 1)if the bill raised(sum credited) is Rs.25000 and during same month payment is made for 34000,in next month bill raised 11000 and payment made is Rs.10000.on what amount tds should be made month wise.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 July 2011 If bill is credited 1st TDS to be deducted on bill amount.

Say bill raised 25000/- deduct TDS on 25000/- and the payment made Rs 34000/- deduct TDS on excess Rs 9000/-. If after that again bill raised Rs 11000/- deduct TDS on Balance Rs 2000/-. Like this. Ultimately you need to balance it out.

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