Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2013 if accured expense in month of june but intentionaly book it in books in december..(paid in january) then as a auditor how can i point on it

CA Prashant Gupta

CA Prashant Gupta (Expert)
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14 March 2013 sometime companies do that, when they found that they didn't book TDS on invoice and if invoice is not paid yet.
in this case you can note with bill date only. i.e. bill date is of June but this was booked after 6 month in Dec
but company can argue that they received the bill late

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Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2013 Thanks sir ,, but i m telling from the point of view of TDS,,,that is tds will be deducted
after 6 month(when credited in books)

then there is not any point in income tax that directly or indirectly releates to this

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CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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15 March 2013 TDS is to be Deducted at time of payment or credit whichever is earlier.

Payment Made in Jan.
Credited Made in December.
No Issue.
This Adjustment Generally Prefered by Many Organisation when they fail to deduct TDS.
so no Issue.