09 February 2013
1) Whether TDS to be Deducted on Commission Paid on MAterial Supplied.
2)If Yes When will TDS Liabilty Will arise on the Occasion of Commission Booking Entry or When I have made a payment to supplier.For Eg I have Passed Following Entry on 01-05-2012 commission A/C Dr 100000 S.tax 10300 To Party 110300
30/10/2012 Party Dr 110300 to Bank 100300 To TDS 10000
7-11-2012
TDS Dr 10000 To Bank 10000
Whether Above entry is correct or i have to book TDS on the date of booking of invoice.