Tds deduction before incorporation
This query is : Resolved
23 December 2015
I AM AN ACCOUNTANT, MY COMPANY IS UNDER PROCESS OF INCORPORATION, COMPANY WANT TO ADVERTISE ON FM RADIO,SO DIRECTOR PAY THE AMOUNT AFTER DEDUCTION OF TDS IN DEC 2015, BUT MY COMPANY WILL BE INCORPORATE IN JANUARY 2016, HOW CAN I SHOW THIS IN MY BOOKS OF ACCOUNTS AND TDS RETURN.
23 December 2015
w/o incorporation you can not apply PAN AND TAN OF THE company. I my opinion u cannot book any exp. in company before incorporation.
23 December 2015
Thanks Rupesh Jain but The advertisement exps is start and it will continue after incorporation. This amount is Rs 12 lakh , If we not deduct TDS then in future i will face any problem.
25 January 2016
exp.we make by the promoter and tds will deducted by company when you make payment to promoter.
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