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
CA Devesh Popat
(Expert)
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Capital gains in IT returns
- Intimation under section 245
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
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
