Tds

475 views 3 replies

Hi everybody ...,

Let  you people give me answer for the ' ? ' am raising here ...,

" Is it necessary to deduct TDS at the time of providing for an expense . "

For an instance : I've to pay Rs.1,00,000 to One CS as professional fee for the services provided in February'12.

And am providing Such amount on 29.02.2012.

The entry passed by me here is :

Professional fee a/c Dr  1,00,000

  To Provsion for exp - Feb'12  90,000

   To TDS pybl     10,000.

Please suggest me is that entry is required or not

Replies (3)

you are right

but TDS should be deduct payment or credit which ever is earlier

Whether TDS on Rent is to be deducted on inclusive of Service tax or on the value of service.?

only in case of rent except service tax

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