Dear all
is it compulsory to deduct tds when I am making provision in the books of the expense.
TDS is compulsory in case of transfer to suspense A/c or payable one but is it also when making provision.
Thanks in advance
Nitin Kabra (Senior Accounts Officer) (66 Points)
19 December 2013Dear all
is it compulsory to deduct tds when I am making provision in the books of the expense.
TDS is compulsory in case of transfer to suspense A/c or payable one but is it also when making provision.
Thanks in advance
AVIJIT
(CA FINALIST)
(370 Points)
Replied 19 December 2013
The simple rule may be taken as: if you are booking an expense for Income Tax purpose or you are making payment then you need to deduct TDS
Nitin Kabra
(Senior Accounts Officer)
(66 Points)
Replied 20 December 2013