Tds entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 December 2013 We have provided consultancy services to a customer. So, now we have raised the invoice for th fess. Now at the time of making entry in the books of accounts, do we make entry by showing TDS deductible amount or make the TDS entry at the time of receipt of payment?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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15 December 2013 Practically, you will come to know only when you will receive the payment. So make the entry at the time of receiveing the payment.
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