When we liable to deduct tds u/s 194c

This query is : Open

ALI AKBAR (Querist)
Follow

16 June 2017 Hi Team,

Please suggest me when should deduct tds u/s 194C:

1. When bill is raised.
2. When payment is made.
3. Which ever is earlier.

Please let me know which aforesaid condition is applicable for the deduction.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

16 June 2017 Date of Actual accounting of invoice/creating provision in the books or date of actual payment ( Including advance) made which ever is earlier

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

16 June 2017 at the time of credit of such sum to the account of the contractor or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct TDS

Upgrade to CAclubindia Pro. Subscribe Now!