Circular on payment of tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2012
Under which head

Unpaid Exp like Telephone Exp, Electricity Exp, Legal Fees, Prof Fees, Transportation Ex p etc. should be classified in revised schedule VI.

Whether it is classified under 'Trade Payable as Creditors for Expense' or under 'Other CUrrent Liabilities'

ARYAN SHARMA

ARYAN SHARMA (Querist)
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15 June 2012 Dear sir,
is any circular on payment of TDS which says that in case of Govt UNDERTAKINGS (like PUNJAB NATIONAL BANK, EMPLOYEES PROVIDENT FUND OFFICE), are liable to pay TDS deducted by them with in 24 hours. or in other words. govt undertaking have last date for payment is only 24 hours from make/ due any tax deductable expenses

Anwar Khan

Anwar Khan (Expert)
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18 June 2012 Unpaid Expenses are current Laibilities

You Can Put Unpaid Expenses in Short Provision of current Laibilities as per revised schedule VI

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