Tds query


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Querist : Anonymous

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Querist : Anonymous (Querist)
14 November 2014 If TDS is deducted in previous year i.e. in F.Y 2013-14 while making advance payment towards Professional Fees and same has been paid to the dept.

Can we book the expense in current year?

14 November 2014 yes. very much. since you are following accrual basis, you will account for the expense on accrual basis only irrespective of when TDS was deducted.

14 November 2014 yes. very much. since you are following accrual basis, you will account for the expense on accrual basis only irrespective of when TDS was deducted.

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 November 2014 Thank u sir for your prompt response.

14 November 2014 you are welcome friend...


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