tds on annual provision
This query is : Resolved
22 July 2009
sir ,
we are ltd company , we have made provision for audit fees on 31 march 2009 as audit fees Dr. unpaid audit fees Cr.
is their any liability for tds on that provision because the payment to auditors will be made on next year
alpesh shah
saptrangi craft ltd
ahmedabad
we are ltd company , we have made provision for audit fees on 31 march 2009 as audit fees Dr. unpaid audit fees Cr.
is their any liability for tds on that provision because the payment to auditors will be made on next year
alpesh shah
saptrangi craft ltd
ahmedabad
22 July 2009
The liability for TDS deduction arises on Credit or payment whichever is earlier. As u have made provision for TDS on 31/03 TDS should have deduted on same date, as seen u havent deducted that amount if ur balance sheet is still not final u can make provision on 31/03/ for TDS payable & make payment before date of return filing.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- TDS related Query_Liquidated Damages
- Specified Profession
- REGARDING GST LIABILITY/....
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
