Accounting of tcs 2011-12
This query is : Resolved
25 September 2011
A partnership firm is running a bar and restautant business.Bar liquor licence is in the name of a partner.Supplier issued TCS in the name of a partner. AS business is in the name of firm and TCS in the name of a partner, then how to account TCS by the firm in it income tax return during the asst year 2011-12.
25 September 2011
Licence Fee DRxxxxxx
TCS Paid Dr xxxxxxxxxx
to Supplier xxxxxxxxx
TCS Paid Dr xxxxxxxxxx
to Supplier xxxxxxxxx
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