Bonus payable of fy13-14

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 May 2014 Hi,

We declared today i.e.on 2nd may 14, a bonus of Rs.2,50,000 for 1 of our employee for the last year 13-14. What should be the entry to be passed ? Shold we book TDS in last year while booking the entry?

02 May 2014 No if u declare it today then TDS should b for 14-15 n not for 13-14


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