TDS for the month Mar. will be consider in ??

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Vaibhav (Querist)
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20 April 2011 Sir,
A March month bill is come 1 April 2011.
This Bill & TDS Considered in Q4 return of F.Y. 2010-11 or Q1 return of F.Y. 2011-12

CA Navin Jain

CA Navin Jain (Expert)
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20 April 2011 you need the make provision of such exp on 31.3.2011 and deduct tds, therefore tds considered in Q4 return

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Vaibhav

Vaibhav (Querist)
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20 April 2011 Sir,
Our June Bill come 1 July 2010 then this is considered in Q2 Return & Sept. 10 Bill come 1 Oct. it was considered in Q3 return.
Now our Dec. bill also Remain It is also considered in Q4 & Mar. bill will be considered in Q4??
It will be right??

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CA Navin Jain

CA Navin Jain (Expert)
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20 April 2011 YES U CAN DO THAT

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CA Navin Jain

CA Navin Jain (Expert)
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20 April 2011 TDS WOULD BE DEDUCTED AT THE TIME OF CREDIT OR PAYMENT WHICHEVER IS EARLIER,

BUT IF EXPENSES IS NOT RELATED FINANCIAL YEAR THEN EXPENSES WOULD BE DISALLOWED AS PRIOR PERIOD ITEM

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Vaibhav

Vaibhav (Querist)
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20 April 2011 Sir,
If we Considered Mar. bill in Q1 of F.Y. 2011-12 Then it will be right or wrong??

CA Navin Jain

CA Navin Jain (Expert)
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20 April 2011 ACCORDING TO TDS PROVISION U ARE NOT WRONG, BUT WHILE CALCULATION OF INCOME TAX THAT EXP WOULD BE DISALLOWED

Vaibhav

Vaibhav (Querist)
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20 April 2011 Sir,
If we considered it in Q4 then it will be allowed
What will be best option Q4 or Q1

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Vaibhav