Can we show in books of account for commision as outstanding expenses instead of credit to agent without deducting the TDS? (Monthly)
Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
24 July 2010Can we show in books of account for commision as outstanding expenses instead of credit to agent without deducting the TDS? (Monthly)
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 24 July 2010
Of course not,
TDS should be deducted even if u show commission as outstanding expenses. It should be deducted at the time of commission booked as expense.....
CAclubindia
