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Tds deduct current year and expenses book next year ?

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(Querist)
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).
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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.
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Sumti Bhadani

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Sumti Bhadani (Expert)
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.
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