Mega Offer Avail 65% Off in CA IPCC and 50% Off in all CA CS CMA subjects.Coupon- IPCEXAM65 & EXAM50. Call: 088803-20003

CA Final Online Classes
CA Classes

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Tds in provisions

This query is : Resolved 

we are booking march bills, dated 1.4.2021.
bills are recd in April and dated 1.4.2021 /2 4.2021/3.4.2021

we are debiting expense and crediting provision for expense

do we need to book tds and

do we need to book tds at new rate (10% /2%) or reduced old rates 7.5%/1.5%) for 194 J and 194C

Since provisional entries are made in March itself, you need to deduct tax at source at applicable rates for March (i.e. at reduced rates for FY20-21)

thank you for the clarification



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries

loading





Trending Tags