14 August 2018
Sir, I have a doubt regarding date of deduction of TDS. There is an Invoice of professional charges for Rs 100000 dated 31.3.2018 for the month of march 2018 but the comapany has booked the expense as on 08.04.2018 and subsequently they have deducted TDS on same on 8.04.2018 & paid on 7th May 2018. So have they done correct or they should book the expense as on the invoice date i.e 31.03.2018 & pay it before 30th April 2018.
15 August 2018
Expenses should be booked in the year in which accrued, company has to book Expenses for March and they have to deduct TDS u/s 194J @10% and same to be paid with out interest before 30th April due date
CAclubindia
