13 November 2010
Provision for TDS?? Normally TDS liability arises whenever there is booking of any expenses/provisions. There is no question of providing for TDS liability. Can you plz elaborate your question!
13 November 2010
There is no entry such as provision for TDS. TDS is deducted at the time of payment or credit whichever is earlier. At year end TDS is deducted on provisions made for expenditure which attracts TDS. Say Audit Fees.
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