vinayak c. chavan (CPT passed) (1011 Points)
23 May 2012We are a Private Limited Company. Our CA told us to make Provision for Audit fees for last year and not to make payment of TDS. What does it mean? i.e. For F.Y.2012-13 our Addit Fees are 50000 so TDS on this will be 5000. So ur CA told us that we will pay Rs.5000 on 01.04.2012 and deduct TDS on bill to bill basis. Is this right Method?
ashish gupta
( student)
(1922 Points)
Replied 23 May 2012
I think he is telling for the provision of F.Y. 2011-12.
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