TDS paid for A.Y.2012-13 in A.Y. 2013-14
What is the effects in accounts?
whether prior period expense ? and disallowable ?
and also provide me effects under Income Tax provisions while filing return of A.y.2013-14
Neha Mishra (@student) (234 Points)
22 December 2013TDS paid for A.Y.2012-13 in A.Y. 2013-14
What is the effects in accounts?
whether prior period expense ? and disallowable ?
and also provide me effects under Income Tax provisions while filing return of A.y.2013-14
GAUTAM SHARMA
(Audit Assistant)
(353 Points)
Replied 22 December 2013
how are u paying TDS from your own pocket as an expense or as liability?
Neha Mishra
(@student)
(234 Points)
Replied 22 December 2013
Kindly elaborate each situation because there is room to collect the tax
GAUTAM SHARMA
(Audit Assistant)
(353 Points)
Replied 22 December 2013
How TDS is paid.i.e. deducted from payment made to payee or not deducted
GAUTAM SHARMA
(Audit Assistant)
(353 Points)
Replied 25 December 2013
yes prior period expense since u paid it from ur own pocket.it is disallowable
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