TDS is payable on provision of expenses at the end of FY against following cases:
1. Provision taken on the basis of invoice received but not yet certified
2. Provision taken on estimated value of work executed ( invoice not yet received from vendor)
Pls guide.
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TDS on provision of expenses
Replies (3)
Yes, tax has to be deducted at source even on provisional expenses.
TDS is deducted on payment or on credit to the account whichever is earlier.
Agree with pravin
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