Tds on closing provision
This query is : Resolved
30 December 2013
Dear Sir
In our company we follow two principles while making provision. First provision made against some certain expenses where invoice is not available. Secondly provision is made for some uncertain amount where we dont know the exact invoice amount.
Please guide me whether tds is deductible in both the cases or on specific provision.
regards
jaytilak
In our company we follow two principles while making provision. First provision made against some certain expenses where invoice is not available. Secondly provision is made for some uncertain amount where we dont know the exact invoice amount.
Please guide me whether tds is deductible in both the cases or on specific provision.
regards
jaytilak
Guest
Guest
(Expert)
30 December 2013
NO TDS IS NOT DEDUCTED ON SUCH PROVISIONS.
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