TaxTMI 
TaxTMI 
FROM 01.07.2014 TO 31.12.2014 IN LABOUR JOB BILL PARTY HAVE BILLED MORE AMOUNT AND WE HAVE DEDUCTED TDS AND DEPOSITED IN ABOVE PERIOD. FROM 01.01.2015 WE HAVE RAISED DEBIT NOTE TO PARTY. FROM 01.01.2015 ONWARD LABOUR JOB BILL AMOUNT TDS AMOUNT HAS BEEN ADJUSTED WITH 4TH QUARTER PERIOD. IT IS OK.
TDS ISSUE ON LABOUR JOB BILLS
25 Apr 2015 
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TDS adjustment on labour job bills allowed where previously withheld tax is matched and credited via later debit notes.
Issue: adjustment of tax deducted at source on labour job bills where TDS was withheld and deposited for an earlier period, but a debit note was raised later; advisory response accepts that the TDS withheld earlier can be adjusted and reflected in the subsequent quarter's TDS filing, subject to maintaining documentary linkage between original invoices, the debit note, and TDS records. (AI Summary)
Issue: adjustment of tax deducted at source on labour job bills where TDS was withheld and deposited for an earlier period, but a debit note was raised later; advisory response accepts that the TDS withheld earlier can be adjusted and reflected in the subsequent quarter's TDS filing, subject to maintaining documentary linkage between original invoices, the debit note, and TDS records. (AI Summary)