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
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
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
after 6 month(when credited in books)
then there is not any point in income tax that directly or indirectly releates to this
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.
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.
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