3cd
This query is : Resolved
18 July 2013
Theres one field in 3CD > 27(b)(iii) which asks for tds deducted late.
My querry is my client has paid and filed tds returns after 31/03/2013, so can this be said as tds late deducted. (how shall one prove that tds was deducted but not paid, mere book entries shall suffice)
My querry is my client has paid and filed tds returns after 31/03/2013, so can this be said as tds late deducted. (how shall one prove that tds was deducted but not paid, mere book entries shall suffice)
18 July 2013
Dear Rahul TDS Required to be deducted at time payament or date of credit (Booking of Bill) which ever is earliest.
You Have to just mention these instance of failure in tabular form under clause no 27 b
In case default made in advance payment there is no confusion about whether TDS late deposit or not.
However in case of default made in crediting the party (by not taking bill into books of account etc.even at the end of the financial year. in that case in the next year this expenses will allowed as deduction under section 37, but still TDS liability still as mentioned earlier
You Have to just mention these instance of failure in tabular form under clause no 27 b
In case default made in advance payment there is no confusion about whether TDS late deposit or not.
However in case of default made in crediting the party (by not taking bill into books of account etc.even at the end of the financial year. in that case in the next year this expenses will allowed as deduction under section 37, but still TDS liability still as mentioned earlier
Message likes :
1 times
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
- GST on export of services and Input Credit
- 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
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- 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
- 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?
Trending Online Classes
CAclubindia
