Tds on provision
This query is : Open
pawan bansal
(Querist)
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...
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