Accounts head reg:

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PREMNATH (Querist)
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12 June 2014 Sir

I have been paying an amount of Rs 16000 per month to a party after deducting 2% tds. I want to treat this as a contractual expense. Under which head should I book this. Can I treat this as an expense incurred for receiving any services like say for any computer related activity since ours is an IT firm dealing in BPO services and software testing.Which contract can I make

Thanks

Guest

Guest (Expert)

12 June 2014 ya u can book that no issues..............