TDS is not required to be deducted on year end provisions.
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TDS on year end provisons
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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?
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