I have received bill of Professional fees of Rs.8100 for the month of Feb, March & April 2012. How should i account it? I have received this bill of 6th June 2012. On what date should I post entry for this transaction? I want to deduct TDS also on this transaction.
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March fees entry
Replies (3)
you should have made provision for Rs 5400 at 31st March.
But if you now make provision than you will have to deposit tds with interest and TDS return will also be corrected.
sir,
just book the bill as on received date and deduct the tds accordingly & deposit it in treasuary as regular tds payment don't worry about period now the expenses u can get admissible in this year there is no problem ok.
sir,
just book the bill as on received date and deduct the tds accordingly & deposit it in treasuary as regular tds payment don't worry about period now the expenses u can get admissible in this year there is no problem ok.
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