05 November 2009
we have forget to deduct TCS in the month of sept 09( at the time of booking )but we want to deduct the same in the month of Oct 09.whether it is deducted at 1% or including surcharge & Ed cess? URGENT
05 November 2009
If the sale entry booked in your accounts in sept the rate should be in effect in Sept. As charging of Surcharge and education cess is abolished for entire F.Y 2009-10, u need not deduct that, for sale to a resident.
So only the effective TDS rate of your sold item is applicable.
CAclubindia
