Friends,
TDS to be deducted on Payment made or invoice booked whichever is earlier. Whether we have to check entrywise or in agregate ?
4 Replies
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 25 June 2016
Ledge scrutny required as paer sututaion cheque ebery angle. exps tds appliacble or not section wise. its exclude service tax, advamce paymant. etc.
C.A. Sandeep Wawhal
(CA, PGDFM, BCom)
(1831 Points)
Replied 25 June 2016
TDS deductible on Advance payment but I want to know if bills booked after 6 months and tds deducted and paid thereon, then is there liability to pay interest on late payment of tds as per payment basis ?
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 25 June 2016
if TDS not deducted in advance payment then Interest applicable on late payment
REENA
(Manager-Accounts)
(142 Points)
Replied 30 June 2016
I think TDS will be deposited with interest, because If you have no bill you can make a provision for that period.
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