Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2012 sir,
Whether tax to be deducted at source if a professional charges two bills of RS 25000/- each in f.y 11-12 for Service Provided in f.y 10-11 & 11-12 Respectively

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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02 July 2012 Since the bills are submitted in the current year and will be booked in the current year, you will have to deduct TDS.

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Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2012 IF the same bill is raised during F.Y 12-13 for services provided in 10-11 & 11-12 and no provision was made during 10-11 audit then at the time of making provision for the same on 31st march 2012 . Will TDS Liability be Attracted?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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02 July 2012 Yes TDS will have to be deducted at the time of making provision for the total amount.

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2012 Thanks sir

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