Tds payment

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shyam

shyam (Querist)
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10 February 2014 If bill date is 30.1.2013 and date of entry is 08.02.13. we deducted tds on 8.2.13. Is it correct?

Nischit Sanghavi

Nischit Sanghavi (Expert)
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10 February 2014 Treatment is not correct.

Bill date is of January, so it is required to deduct TDS in the month of January. Otherwise Interest would be leviable.

Either also you can ask the party to revise the bill date.

shyam

shyam (Querist)
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22 February 2014 if the bill received on 08.02.2013 what is the tds implication?

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Nischit Sanghavi

Nischit Sanghavi (Expert)
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27 February 2014 Date of bill is concerned for the purpose of TDS. Bill date is 31st so January month will be counted to deduct is. U can ask the party to revised the bill date to 1st Feb.