Is tds levy on provisions
This query is : Resolved
SUNIL KUMAR
(Querist)
04 May 2016
Dear Sir,
Please Help,
Is tds levy on provisions or not please explain and give a example.
Thanks & regards
Sunil
Please Help,
Is tds levy on provisions or not please explain and give a example.
Thanks & regards
Sunil
Murtaza I Bhagat
(Expert)
04 May 2016
Yes TDS applicable on Provision..!!!
if you do provision of any payable then you have to do entry of provision and deduct tds
Payable a/c dr
to party cr
to tds cr
if you do provision of any payable then you have to do entry of provision and deduct tds
Payable a/c dr
to party cr
to tds cr
Rupesh Jain
(Expert)
05 May 2016
if you paid and credit the account then you have to deduct the tds, which ever is earlier.
Rupesh Jain
(Expert)
05 May 2016
if you paid OR credit the account then you have to deduct the tds, which ever is earlier.
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