Tds on advance to vendor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2013
WE PAID Rs. 150,000/- AS ADVANCE TO A VENDOR(CONTRACTOR) BUT TAX WAS NOT DEDUCTED AT THE TIME OF PAYMENT, RETURN HAS BEEN FILED FOR A.Y 2012-13. NOW WE GOT THE BILL PLEASE TELL ME WHAT IS THE TREATMENT TO BOOK THIS EXPENSE AND TDS ALSO.
14 February 2013
Show the amount as advance in FY 11-12 dont book expenses. Book the expenses and deduct TDS thereon in FY 12-13 and file the return.
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2013
thank you sir
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