interest for the 2009-2010 month march - 10 get in april with deduction of tds
question is can i show the tds entry for deduct from interest in the month march or april
tds entry
(Guest)
2 Replies
darpan chheda
(Accounts Manager)
(90 Points)
Replied 02 September 2010
In my opinion, entry for TDS receivable can be made only upon receipt of income. So, the entry can be made in the month of April only
GURVINDER SINGH
(ACCOUNTS MANAGER)
(231 Points)
Replied 07 September 2010
Interest of the month march becomes due only after the expiry of the month. therefore the tds entry and the entry of interest must be on due or cash basis whichever is being followed.
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