Whether to deduct tds on interest payable on debentures
This query is : Resolved
29 April 2013
My company is paying interest on debentures quarterly & the due date for payment for the period from 06/01/2013 to 05/04/2013 is 5th April. do i need to pass provision entries for interest accrued but not due as on 31/03/2013 & am i also required to deduct TDS on the same
29 April 2013
yes you are required to passed provision entry and pay tds on the same on the principle of accrual required to be followed by every company.
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