TDS
This query is : Resolved
31 August 2010
Dear All,
I received a invoice with the date of Nov-09 and it is booked in May-2010, in the same date TDS has been deducted. Is it right way, if not, please suggest me the right way so that it should be proper according to accounting rules.
Thanks
I received a invoice with the date of Nov-09 and it is booked in May-2010, in the same date TDS has been deducted. Is it right way, if not, please suggest me the right way so that it should be proper according to accounting rules.
Thanks
31 August 2010
Bill should have been booked in the FY 2009-10.
Date of booking the amount is the date of receipt of Bill. So you should book the bill on Nov 09 and deducted TDS and deposit along with interest for late deduction @1% p.m.
Date of booking the amount is the date of receipt of Bill. So you should book the bill on Nov 09 and deducted TDS and deposit along with interest for late deduction @1% p.m.
31 August 2010
Dear Sanjay ji,
sorry I forget to mention that bill was received in the FY2010-11 and it is for professional services provided by CA firm.
in the last FY they could not complete the service and now after completing the services, they have submitted the bill in the FY2010-11. Please suggest me what should I do now.
sorry I forget to mention that bill was received in the FY2010-11 and it is for professional services provided by CA firm.
in the last FY they could not complete the service and now after completing the services, they have submitted the bill in the FY2010-11. Please suggest me what should I do now.
31 August 2010
Then book the bill in current FY and deduct TDS thereon. Also ask the party to give the bill in current date as the work has been completed in this year.
31 August 2010
agreed with Mr. Sanjay
04 September 2010
Agreed with mr. sanjay
& there is also one thing...
if you hav not yet paid the tds on that particular BILL... Than interest will be levied @1% till 30TH JUNE,& Thereaft 1.5%WEF 01/07/2010
& there is also one thing...
if you hav not yet paid the tds on that particular BILL... Than interest will be levied @1% till 30TH JUNE,& Thereaft 1.5%WEF 01/07/2010
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