Trade unions
This query is : Resolved
13 December 2013
Trade unions have to maintain accounts from 1st Jan to 31st Dec, but the tax returns are to be filed for the period from 1st April to 31st March.
TDS on bank interest is deducted for the year ending March.
So my query is should accounts be prepared for the period April to March for tax purpose and how the return should be filed?
Please advice
Thanks
Trade unions have to maintain accounts from 1st Jan to 31st Dec, but the tax returns are to be filed for the period from 1st April to 31st March.
TDS on bank interest is deducted for the year ending March.
So my query is should accounts be prepared for the period April to March for tax purpose and how the return should be filed?
Please advice
Thanks
13 December 2013
data from past year for jan to march can be used for this purpose and sep data for reconciliation should be preserved and then tax filling should be done.
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