Advice Needed for TDS

20 May 2022

Previous month service bill received in current month and TDS deduction at the time of entry. is it ok or not..?

Reply
Follow
Share

4 Replies

CA Aakarsh Jain (CA) (10431 Points)
Replied 20 May 2022

TDS will be deducted at the time of payment or at the time of entry of the bill whichever is earlier.

1 Like

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 20 May 2022

What is the date of service bill ?

CA Puja Sharma (Chartered Accountant) (5010 Points)
Replied 20 May 2022

If you have not made any advance payment, you can deduct the TDS in the current month when the bill has been booked.

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 20 May 2022

If bill date is in April and payment also in April then tds deduction in April is correct

Start a New Discussion