24 April 2014
Kindly advise If we will declare bonus for F.Y. 2013-14 in august 2014 (gross amt 25 lac to all employees)then when tds liability arise 1. april 14 or august 14. We want to book expense of Rs 25 lac in F.Y. 2013-14. Please guide if TDS liability arise in april 14 then is it required to pay Intt. from apr to august 14
25 April 2014
so bonus expense relates to which year i.e. in the year of payment (F.Y.2014-15) or F.Y. 2013-14 (because bonus decalred for F.Y. 2013-14)
CAclubindia
