Maintain Provisions of Expenses Entries
This query is : Resolved
Quick Summary
08 May 2023
Dear sir,
While Making Provision of Expenses we have to deduct TDS or Not, because we don't know Deductee Details ?
Which is proper way to maintain provision of Expenses in books of account ?
Please guide in Deep to understand.
While Making Provision of Expenses we have to deduct TDS or Not, because we don't know Deductee Details ?
Which is proper way to maintain provision of Expenses in books of account ?
Please guide in Deep to understand.
08 May 2023
The provision will not take consideration of TDS deduction.
12 May 2023
Dear sir,
If we do as per your recommendation, so that Expenses will be allow in P and L ?
If we do as per your recommendation, so that Expenses will be allow in P and L ?
12 May 2023
Its not expense due to its provision. For allowance of the expense, you have to debit the expense with TDS on the particular date.
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