Pls clear the concept : Actually : I have to pass provision Account for " Interest paid on late payment of Tds towards month of March 2024 is Paid in 27th July 2024 . Could i take provision of
Interest on late payment of Tds A/c "dr" , To Interest payable on late payment of Tds A/c " cr"
on 31st march 2024 or Not . => Tds of March 2024 payment date is 30th April 2024, But tax paid on 27 th July 2024
(How may months would be consider for calculation for f.y 2023-24 or fully expenses would be consider in f.y 2024-25 ?)
CAclubindia
