Accounts
This query is : Resolved
22 November 2012
can u please say me the accounting treatment of the following:
a) on 31.03.2012 i have done the entry
audit fess a/c dr(under ind exp)
To Respective firm a/c
But no bill issued till now,due to this entry iam liable to pay tds amount. so hw i can rectify the mistake or please me the other better treatment
can u please say me the accounting treatment of the following:
a) on 31.03.2012 i have done the entry
audit fess a/c dr(under ind exp)
To Respective firm a/c
But no bill issued till now,due to this entry iam liable to pay tds amount. so hw i can rectify the mistake or please me the other better treatment
22 November 2012
TDS is on the date of payment or credit which ever is earlier. Now since you have credited the sum in his account. So you have to deduct TDS.
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