Tds

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Anita Singh (Querist)
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11 June 2015 I am a trading concern and taking logistics services in which I require to deduct TDS U/S 194C. If Date of Invoice is 06/04/15 and Date of Payment is 05/06/15 so what should be the date of deduction of TDS?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 June 2015 It is date of payment or liability creation date whichever is earlier. Invoice date is not relevant for TDS.

Anita Singh

Anita Singh (Querist)
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11 June 2015 Can you please clarify the date of Liability creation?

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Rupesh Jain

Rupesh Jain (Expert)
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11 June 2015 from dt. 1.6.2015 you have to deduct the tds on freight

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 June 2015 The date of invoice is on 06-04-2015 if you create any liability on 30-04-2015 for the invoice in the books of accounts, it will be the liability creation date.