22 November 2017
I have a query wrt TDS deduction. I received a bill dated 30-10-2017 as on 8.011.2017.On what date should i pass this entry.When TDS needs to be remitted.Please clarify it asap.
Thanks
22 November 2017
every section of TDS states that tax is to be deducted at the time of payment or credit to account of person whichever is earlier.
the act will not tell you when to account for the expenses. it would be reasonable to account for the bill on date of receipt or date of approval of the bill by the company.
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