TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2010
when invoice is raised and payment is received the tds deducted by client is booked on brv date.
But when payment is not received, can tds deducted by client be booked on invoice date if FY has ended.
But when payment is not received, can tds deducted by client be booked on invoice date if FY has ended.
25 August 2010
TDS to be deducted at the time of payment or credit whichever is earlier. SO it can be deducted at the time of booking the expenses also.
25 August 2010
Yes it can be booked... OR alternatively a provision can be made.
25 August 2010
Since, the amount relates to one FY & the payment will be received in next FY, so the Provision of TDS to be deducted by client can be made on the last date of FY.
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