20 September 2010
CAN WE BOOK RENT EXPENDITURE TWO TIMES IN A YEAR I.E. IN SEPTEMBER AND IN MARCH FOR PREVIOUS 6 MONTHS AND DEDUCT TDS ACCORDINGKY ON TWO EXPENDITURE BOOKING???? OR WILL IT BE CONSIDERED AS LATE DEDUCTION OF TDS TAKING A VIEW THT WE HAVE DEDUCTED TDS OF APRIL 09 RENT IN SEPTEMBER 09???
20 September 2010
it is considered a late deduction of tds, for booking entry 6 months once is your accounting process.but the actual credit need to be given on the month end as mercantile system of accounts.
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