30 September 2013
Our Auditor passed entry of Audit Fees (Rs.55000) as on dtd. 31.03.2013 & raised invoice as on dtd. 20-07-2013 & accordingly we have deducted TDS on the same as on dtd. 20-07-2013. My queries are :-
1) Is the above practice of our Auditor is correct? i.e. diff. Credit date & Invoice date. 2) In which qtr. of TDS return we have to mentioned this deduction?
30 September 2013
you are least concerned about what the auditor has done in their own books. You received the invoice in July so you are supposed to deduct tds in july only if you have not make a provision in march. If provision made in march then you need to deduct tds in march month and it must have been deposit by April 30 2013. You should mention in 2nd quarter return this deduction. Auditor might have booked this income in march on receivable basis.
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