27 April 2011
what would be the consequences if certain payment as advence rent has been paid to a party without deduction of TDS but the Expense is not booked in that financial year?? now in the succeding FY it is booked as an expense. it's very urgent....
27 April 2011
if the advance rent does not pertain to the last FY, then not booking of expense is fine...ONLY TDS default is there. & you need to pay interest on that.
CAclubindia
