Tds is deducted in next year
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2013
Bills are credited in a Financial Year(2012-2013) (Ref : Sec 194C) but tax deducted on that bills in following year (2013-2014.
What are the procedures to correct this default?
What are the procedures to correct this default?
14 May 2013
As the bills are credited in FY 2012-13 then you have to disallow the same U/s 40a(ia). The same will be allowed in FY 2013-14 when TDS is deducted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tax on income from business can set off house property loan
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
