Tds provision
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2011
We have made a provision of tax liability in March 2010 but forgot to settle in with next RA bill in Dec2010 and TDS deducted on expenditure without settle the tax provision, Both the TDS (of provision and Bill) was deposited and TDS certificated issued accordingly.
In march 2011 we had not created new provision b'coz old provision still lying in our books.
Now in Aug 2011 next RA bill come for same order. In this case my question are:
1)With this RA Bill I can adjust the old provision that i created in Mar2010?
In march 2011 we had not created new provision b'coz old provision still lying in our books.
Now in Aug 2011 next RA bill come for same order. In this case my question are:
1)With this RA Bill I can adjust the old provision that i created in Mar2010?
07 August 2011
yes. you can settle the TDS amount in next RA bill
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