hi
my client is following cash basis accounting.
please guide, when to deduct TDS, on payment date or on bill date.
regards
devaki nandan (Accountant) (57 Points)
22 March 2016hi
my client is following cash basis accounting.
please guide, when to deduct TDS, on payment date or on bill date.
regards
vishnu bhardwaj
(Tax Advocate)
(212 Points)
Replied 22 March 2016
tds deduct date is which is earlier payment or bill date
devaki nandan
(Accountant)
(57 Points)
Replied 23 March 2016
Sir.
In Cash Basis, I can not claim expenses until it is paid. So when to book the TDS on receipt of Bill or on the date of payment.
Regards
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