08 August 2009
If provision made for the Audit fees of Rs.200000 on 31st March 09.TDS not deducted on such amount because bill not received yet.is it expense allowed for the year 2008-09.
10 August 2009
As you have done the provision that means you maintain the books of accounts on accrual basis.
Sec 194J clearly states that any amount credited or paid will be liable to TDS if it exceeds 20K. In your case you have credited the amount on 31st March 09. That means you have to do the TDS on that.
In case you have not deducted TDS then the expenses will be disallow.
The last date of payment will be due date of return of income as per sec 139.
The last date for you will be on or before 30th Sept 09.
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