03 March 2012
DEAR SIR I WANT TO ASK THAT IF TDS ON ADVERTISMENT 194C BILL DATE IS 23.09.2011 & DATE OF PAYMENT IS 15.12.2011 THEN IN WHICH QUARTER I HAVE TO CONSIDERD THE AMT FOR FILING RETURN IN JULY TO SEP-2011 OR OCT TO DEC 2011 I AM CONFUSED IN BILL DATE AND PAYMENT DATE PLEASE ADVISE
03 March 2012
TDS is required to be deducted on the date of credit or payment which ever is earlier.. should the bill be accounted in 23.09.2011, tds is required to be deducted the same time.. and the entry shall be required to be disclosed in the July to sep return
CAclubindia
