Point of tds deduction

TDS 269 views 1 replies

can professionals who follow cash basis of accounting deduct TDS on payment basis instead credit or payment whichever is earlier.

Replies (1)

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.


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