can professionals who follow cash basis of accounting deduct TDS on payment basis instead credit or payment whichever is earlier.
Baljeet Singh
(CA, B.Com (H))
(954 Points)
Replied 03 February 2017
You should follow a uniform approach with your book-keeping and statutory payments.
You may follow cash basis for TDS deduction as well as deposit. Make sure you enter your bills on the date of payment or any later date.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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