CA Chirag (Chirag Sheth & Associates) (1183 Points)
04 May 2011Generally in SAP and all other ERPs , P&l & balance sheet are prepared on monthly basis. These include the monthly provision figures also. These figures are reversible.Do we require tds on this provision figure? The expense are booked in next month as well as payment also made in next month?
Kindly help on this.
Thanks in advance.
chirag
Harpreet
(* * * * * *)
(1670 Points)
Replied 04 May 2011
Do not deduct TDS part as per my suggestion to you.
KIYOSH
(TAX CONSULTANT)
(332 Points)
Replied 04 May 2011
TDS IS TO BE DEDUCT ONLY WHEN YOU BOOKED EXP IN NEXT MONTH OR PYMT MADE
CAclubindia
