interest for the 2009-2010 month march - 10 get in april with deduction of tds
question is can i show the tds entry for deduct from interest in the month march or april
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tds entry
Replies (2)
In my opinion, entry for TDS receivable can be made only upon receipt of income. So, the entry can be made in the month of April only
Interest of the month march becomes due only after the expiry of the month. therefore the tds entry and the entry of interest must be on due or cash basis whichever is being followed.
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