whether TDS can be deducted on prepaid expenses.

Dear All,

We are an LLP Organisation. We do CCTV installation and pay labour charges for the same. The firm installing the CCTV give us an invoice without GST. My question is should I create an account in the name of the person issuing invoice or simple the labour charges paid as expense will do. i.e,
Should I pass the entry as :

Labour Charges Dr. XXX
To Cash/Bank Cr. XXX

Or should I create a ledger in the name of party issuing invoice For ex. If suppose we purchase labour from R C Image Solutions, so the entry will be :

Purchases Dr. XXX
To R C Image Solutions Cr. XXX

And on making payment, the entry would be:
R C Image Solutions Dr. XXX
To Cash/Bank Cr. XXX

Please provide the suggestion.
Thanking in advance.

My client has made a payment for repairs & maintenance for Rs.1,10,000 for the year to a party. This includes both material & service bills.The repair materials cost Rs. 90000 & service charges Rs. 20000. So, should I deduct TDS on the whole amount or just on the service part? Or should I ignore that transaction, as the service part doesn't exceed the limit? In such cases, which amount should be considered as aggregate? the total amounts paid just for the service or the payment as a whole?

Hello,

A Post office NSC matured in FY 2021-22.(NO TDS)
I have been paying tax on accrued income every year for the last 4 years. However PO has reported the entire 5 year Interest on AIS for FY 21-22.

1. Can I use AIS feedback "Information related to other years" and assign the last 4 years interest to those years?

2. I see I can only assign to past 5 years or future 5 years. What to do for KVP which has maturity of more then 9 years. How to assign to 6 or 7 years in the past?

Thanks

I got terminated in my current articleship firm and now I want to join for Industrial training, as my 1 and half year is left of practical training, shall I do so?? Or I have to join for in another CA firm only.

Hi

We have filled form 11 of LLP on mca V3 portal, but somehow contribution received is filled nil.

Earlier when used to file the forms prescrutiny error used to come and if any space left blank it used to show error but now in this new portal no error nothing came and the form got submitted with NIL contribution. Now while filing form 8 we are facing error of contribution mismatch with form 11.

Now need solution to this big problem.

Please give some solution for the same.

Our 2 Supplier (Sunder Creditor) has been uploaded the previous year (F.Y.2021-22) invoice in May 2022 & June-2022 Months. Details Mention below.

Supplier A - Invoice Dt. 01/04/2021 invoice upload in May 2022
Supplier B - Invoice Dt. 27/08/2021 invoice upload in June 2022

Please suggest in which month & year, we will claim GST and make an entry in accounting software.

We have raise one invoice on 31.03.2022 and paid Gst on that date, But cliant the invoice booked on 09.04.22 and deduct tds on April22. they are replied they can not revise the tds return.
there will be one mismatch between accounts & 26AS what should we do.?

Sir,

I want to know the TDS applicability in Respect of import of service from a non resident person and the service was software support service. At what rate TDS should be deducted and under which section?

Dear Sir/madam,

One of my client(Govt Office) having a PT registration in karnataka, Now the principal Officer has been changed, The question is there any ways to amend existing officer name & pan details in PT website or shall i obtain new PT registration.

thank You