Dear Experts,
Please let me know in which month TDS would be deduct
Invoice period -1st Nov to 30th Nov
Invoice date - 1st Dec
Please tell me tds deduct in nov or dec
8 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 05 December 2016
Since the date of invoice is in the month of December, you may deduct it on/after 1st Dec.
CA VIRAL SANGHVI
(Finance head)
(681 Points)
Replied 05 December 2016
Tds should be deducted on or after 1st december
Sandeep Dharar
(Business )
(18797 Points)
Replied 05 December 2016
As per the date of invoice TDS must b deducted on 1st of December, as the law says date of credit in books of account or date of payment whichever is earlier. So u must deduct TDS on 1st Dec. i.e, invoice date.
Amit Kanunga
(Article Assistant and Post Gradute)
(644 Points)
Replied 05 December 2016
TDS should be deducted On 1st December Only.
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 05 December 2016
if I ll book this bill on 1st March??
then ??
then ??
satyanatayana mahapatra
(operation exe)
(56 Points)
Replied 05 December 2016
I think it should on quarterly basis
CA Ashish Barthwal
(Practising Chartered Accountant)
(104 Points)
Replied 06 December 2016
If you book on 1st march then, date of payment or date of credit whichever is earlier.
Sandeep Dharar
(Business )
(18797 Points)
Replied 06 December 2016
Uneed to change the date of the bill in that case.
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