TDS
This query is : Resolved
09 May 2011
hello. i have a query regarding TDS
the society maintains accounts on mercantile basis.
the invoices are of 09-10 but payment is done in 10-11 and tax has been deducted
will the expense be disallowed in the year 10-11?
and will the answer remain the same if the accounts were on cash basis?
the society maintains accounts on mercantile basis.
the invoices are of 09-10 but payment is done in 10-11 and tax has been deducted
will the expense be disallowed in the year 10-11?
and will the answer remain the same if the accounts were on cash basis?
09 May 2011
EXPENSES WOULD BE DISALLOWED IF YOU HAVE PREPARED BOOKS OF ACCOUNTS ON ACCRUAL BASIS
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