Maintain Provisions of Expenses Entries

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SACHIN (Querist)
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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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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08 May 2023 The provision will not take consideration of TDS deduction.

SACHIN

SACHIN (Querist)
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12 May 2023 Dear sir,

If we do as per your recommendation, so that Expenses will be allow in P and L ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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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