Hi
In our company audit is going on in that auditor has raised the query of TDS deduction on labour charges of Rs 31000/- my question is now how i show this entry in last year or in current year. and It should go in 4th QTR of TDS return or In current year (i.e 2011-12) Auditor is saying that pay it before 30th sept 11 otherwise expense will be disallow?
Please let me the accounting treatment and also treatment TDS return.
show tds deducted on 31st march and pay in current year with interest . and also revised the return of q4 if not already filed
on 31st march
party ac- - - - - - - - - - - - - - - - -- - -dr.
to tds
(being tds deducted)
in next year
tds ac - -- - - - - - - - - - -dr.
to bank
(payment made for tds)
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
