24 February 2011
If company is passing provision entry for expenses which are TDS deductible expenses and not crediting party a/c that time but crediting provision for expenses A/c then when TDS will be deductible
24 February 2011
Yes TDS will have to be deducted on provision but only if provision are made on 31st March. If it is a provision for preparing periodical balance sheet TDS deduction is not required.
25 February 2011
i agree as per decided case laws, it applies only for account closure period 31st march and not on month end provision which gets reversed
CAclubindia
