26 May 2010
You have to make provision in last year for this expense as on 31st March 2010 and deposited tds before 31st May 2010. otherwise it will be disallowed in current year as prior period items.
26 May 2010
AGREED WITH MR. NAIK. YOU CAN TAKE EXAMPLE OF TELEPHONE BILL, POWER BILL IN WHICH BILL DATE IS CURRENT DATE. BUT WE HAVE MAKE PROVISION ON 31ST MARCH ITSELF.
27 May 2010
I too agree that in respect of TDS but if the invoice amount was not at all in the knowledge of accountant then he will be required to do it on the date of bill date along with expenses for previous year(3 months).
CAclubindia
