Tds on provision

This query is : Resolved

Sarvesh (Querist)
Follow

18 September 2013 What is the logic behind deducting TDS on Provisions made,when they are not credited to the party s account?\
For example
The entry passed for Audit fees provision is
Audit fees A/c ....Dr
To Audit Fees Payable A/c..
Here no credit is givin to auditors account,then on whose name TDS is to be made?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

18 September 2013 TDS is applicable on provision entries also even you are crediting any other payable account. incase you are not known the vendor name and not deducted TDS then the same expenses will be disallowed and allowed when you are deducting with party name

Sarvesh

Sarvesh (Querist)
Follow

19 September 2013 Thank U sir

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ishwar Radhakisan Tawani

DHANASHRI KARMARKAR

Aakash Kumar

RAGHUNATH KASIBHOTLA

Sunder Sadani

Subscribe Now

Tds on provision

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Article Assistant

CA Final

GST CONSULTANCY

Accountant