Tds on provision
This query is : Open
27 April 2018
Dear All
I have a query relating to TDS on Provision of exp ( audit Fee)
We have to provide audit fee for the F.Y.17-18 but amount is not known ( may be below Rs.30000/- or may be more than Rs.30000/-)
As we know that last date of TDS payment for march,18 is 30.04.18
If we don't make the TDS payment on the basis that amount will be less than 30000/- but actually bill received more than 30000/-after 30.04.18
what will be the consequences ???
I have a query relating to TDS on Provision of exp ( audit Fee)
We have to provide audit fee for the F.Y.17-18 but amount is not known ( may be below Rs.30000/- or may be more than Rs.30000/-)
As we know that last date of TDS payment for march,18 is 30.04.18
If we don't make the TDS payment on the basis that amount will be less than 30000/- but actually bill received more than 30000/-after 30.04.18
what will be the consequences ???
27 April 2018
As per my view.,
No need to deduct TDS for the Provision amount...
You can deduct after receiving the Invoice...
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
- CLOSING STOCK QUERY
- ITR-Capital Gain
- Taxation on Old jewellery sold
- Reporting in TDS return
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- F&O reporting in ITR
- Loss of interest in PF transfer from EPFO to Trust
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
