TDS on Monthly Expenses Provission

09 March 2022

Suppose I made provision for expenses 0n 31 st january and get the bill on February and Bill date is 05.03.2022

then when I deducted TDS ?

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6 Replies

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 09 March 2022

Bill or payment is the basis for Tds ..

Provision alone is not point of implication of Tds deduction

3 Like

sabyasachi mukherjee (27597 Points)
Replied 10 March 2022

Pls mention the nature of expenses.Is it daily utility bills tds not required?

1 Like

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 10 March 2022

Invoice or payment is the basis for deduction of Tds . So you may cut in February or on the date of payment and not in January based on Provision.

Abhijit Khan (39 Points)
Replied 10 March 2022

Nature of payment is salary for factory worker paid by a third party vendor and then they make invoice for us.....

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 13 March 2022

You can deduct based on the invoice , why provisions is required ?

Abhijit Khan (39 Points)
Replied 14 March 2022

We make provision to get exact PL and BS report on monthly basic.

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