Tds deduction on year end liability provision.
This query is : Resolved
SANTOSH NAYAK
(Querist)
13 February 2013
Whether tds is required to be deducted from liability provision for the expenses made at the end of the financial year? In some firms they are deducting & in some firms they do not.What is the rules of taxation on this matters? please clarify.
CA PARAS BAFNA
(Expert)
13 February 2013
IF THE PAYEE IS CERTAIN , TDS IS REQUIRED TO BE DEDUCTED.
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