TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2011
RESPECTED MEMBERS,
IN ONE OF MY CLIENT. I FOLLOW MERCANTILE ACCOUNTING SYSTEM. WE GET 2 MONTHS CREDIT FROM OUR VENDORS. WE MADE THE FEBRUARY & MARCH PAYMENTS AT APRIL & MAY RESPECTIVELY.
AND DEDUCT TDS AT THAT TIME ONLY. WE GOT THE BILLS ALSO AFTER TWO MONTHS
NOW I WANT TO KNOW WHICH DATE I MENTION IN TDS SOFTWARE.
COZ AS PER ACCOUNTING I HAVE TO MAKE THE PROVISIONS AS ON 31ST MARCH BUT ACTUAL PAYMENT DATE DIFFERS.
IN ONE OF MY CLIENT. I FOLLOW MERCANTILE ACCOUNTING SYSTEM. WE GET 2 MONTHS CREDIT FROM OUR VENDORS. WE MADE THE FEBRUARY & MARCH PAYMENTS AT APRIL & MAY RESPECTIVELY.
AND DEDUCT TDS AT THAT TIME ONLY. WE GOT THE BILLS ALSO AFTER TWO MONTHS
NOW I WANT TO KNOW WHICH DATE I MENTION IN TDS SOFTWARE.
COZ AS PER ACCOUNTING I HAVE TO MAKE THE PROVISIONS AS ON 31ST MARCH BUT ACTUAL PAYMENT DATE DIFFERS.
27 June 2011
You have to make provision on 31st March and deduct TDS also on 31st March. You have to mention date of credit in the software.
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- 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 ?
Trending Online Classes
CAclubindia
