Tds deduct current year and expenses book next year ?
This query is : Resolved
12 May 2012
CAN WE BOOKED COMMISSION IN NEXT( YEAR(12-13)AS EXPENSES, IF WE DEDUCT TDS IN LAST YEAR(11-12)AND IT BOOKED IN "ADVANCE TO PARTY" (CURRENT ASSETS).
Guest
Guest
(Expert)
12 May 2012
If commision pertains to 12-13 then we can book it in next year. TDS is applicable on payment or booking of expenses whichever is earlier.
12 May 2012
TDS is deducted on the date of payment or date of credit which ever is earlier. If the expenses is related to F.Y 12-13 you can book the same in F.Y 12-13.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- E way bill for tractors
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
