04 April 2011
Sir, What is the last date for payment of TDS deducted in the month of March 2011. And I want to make a Provision for Audit fees for F.Y 2010-11. But client will pay me audit fees after 30-9-2011. Shall I require him to deposit TDS in Advance for allowability of Expenditure.Pls guide. Thanks in Advance.
04 April 2011
Dear As per Amendmend TDS Notification issued in May 10 all TDS Payment should be made on or before 30/04/11, whether it relates to March 10 or any of the month. Second thing since you will make provision of Audit Fee at year end so you will have to pay TDS before 30-04-11 it's immaterial you will take money from him now or pass the Audit Provision fee entry by deducting TDS amount, you can not direct him to pay TDS but you have to pay yourself for allowability of Audit Fee expense in Previous year
CAclubindia
