Deduction of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2016
what is meaning of Payment or credit which ever earlier TDS will be deducted . please explain payment or credit.
12 March 2016
Dear
Payment means actual payment made to the person.
Credit means the entry made in books of accounts.
In case you think not to enter the bill in books or delay the entry for the purpose of tax planning then income tax deptt. takes the bill date as date of credit.
Payment means actual payment made to the person.
Credit means the entry made in books of accounts.
In case you think not to enter the bill in books or delay the entry for the purpose of tax planning then income tax deptt. takes the bill date as date of credit.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- 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
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
