TDS recoveries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2009
TDS on commission was deducted in March and paid to Govt. acount in April and Form 16 issued mentioned the deductions. If it is not shown in Balance Sheet as liabilities as on 31.3. can this amount credited to govt. account in april be shown as expenditure incurred in the next year since online payment is made from bank account. If it cannot be shown then what is the rule and and what should be done. kindly give guidance
31 December 2009
not a good idea, pass entries in april by debiting tds paid to creditors accounts. although not fulproof
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?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
