TDS is not required to be deducted on year end provisions.
Menu
TDS on year end provisons
Replies (3)
TDS is required to be deducted on year end provision for expenses also. The tax thereon deducted has to be deposited on or before 30 April. As a matter the act is clear when it states that TDS is to be deducted even if the credit is made to a suspense account, and provision for expenses is in the nature of a suspense account.
agreed with Mr. Vivek
whether it is applicable on monthend provision where b/s and p&l are prepared on monthly basis?
Recent Topic
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
Related Topics
CAclubindia
