25 September 2010
ABC PVT LIMITED HAS BEEN CLOSED ITS BOOKS OF ACCOUNTS AS ON 31.05.2010.
DURING THE TAX AUDIT ITS FOUND THAT TDS HAS NOT BEEN DEDUCTED ON THE PROFESSIONAL CHARGES.
AS BOOKS OF ACCOUNTS HAS BEEN FINALIZE AS ON 31.05.2010 SO COMPANY CAN NOT MAKE THE ENTRY OF TDS PAYABLE IN THE BOOKS OF ACCOUNT IN THE YEAR ENDED 31.3.2010
NOW MY QUESTION IS, IF COMPANY HAS DEPOSIT TDS AMOUNT ON OR BEFORE 30.09.2010 THEN COMPANY CAN CLAIM THE DEDUCTION OF PROFESSIONAL CHARGES DURING THE A. Y. 2010-2011
25 September 2010
Since, you are not deduct the TDS, cannot be make the TDS payable entry in 31.3.2010, so avoiding disallowance pay the TDS before filling the Return and make the entry in current year
CAclubindia
