Tds
This query is : Resolved
30 December 2012
Dear sir,
We paid Rs.70770/- as audit fee for the F.Y 2010-2011. but we forgot to cut TDS on that amount.the same tds amount was paid in this year.Can they set off this tds amount with current year income?
Rergds.
Shyamlal.K
We paid Rs.70770/- as audit fee for the F.Y 2010-2011. but we forgot to cut TDS on that amount.the same tds amount was paid in this year.Can they set off this tds amount with current year income?
Rergds.
Shyamlal.K
31 December 2012
Mr Shyamlal
Your auditor should have guided you properly and well in time while receiving the audit fee.
As the fee relating to 2010-11 was paid in 2011-12 so you can take up the TDS (already deducted and deposited) on payment basis. In short you can set off this year.
Your auditor should have guided you properly and well in time while receiving the audit fee.
As the fee relating to 2010-11 was paid in 2011-12 so you can take up the TDS (already deducted and deposited) on payment basis. In short you can set off this year.
01 January 2013
As the TDS was not deducted and deposited in FY 2010-11, the Amt. of Audit fee would be disallowed in FY 2010-11.
It would be allowed in the year in which the TDS on Audit fee is deposited.
It would be allowed in the year in which the TDS on Audit fee is deposited.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
