Tds deduction
Querist : Anonymous
We had received the labour contract bill on 4/3/2016 but the bill date is 28/2/2016 plz let me know when should i book this bill for tds deduction..
Regard
Rohit shah
You have to book the bill on 28/02/2016 for the purpose of TDS.
No matter when you receive the bill, the documentary evidence is the date of bill.
Querist : Anonymous
Querist : Anonymous
You have to book the bill on 28/02 itself.
The interest would be paid for 2 months @ 1.5%.
As the section says pay interest for the month or part thereof.I.e the part of the month us considered as full month.
Querist : Anonymous
Statutory audit is compulsory for all the companies, and statutory audit is done by a CA.
The due date is 30 sept 2016 for the FY ending on 31/03/2016.
Querist : Anonymous
AT the AGM the auditor is appointed for the next year.
And audit will be done before AGM is held as the audited accounts are laid in an AGM.
Querist : Anonymous
Whatelse in your opinion is audited??
pls tell.
Querist : Anonymous
WHEN YOU DID THE AUDIT UNDER COMPANIES ACT THAT IS ACCEPTABLE UNDER INCOME TAX ALSO.
aND THE AUDIT OF ACCOUNTS IS THE ASSURANCE THAT THE FINANCIAL POSITION IS ALSO AUDITED AS THE CA GIVE DISCLOSURES OF THE AS.
Querist : Anonymous
yes they are same
Querist : Anonymous
YOU ARE RIGHT.
As per statutory provisions, liability of TDS arise on the date of credit to the account or on advance payment.
Therefore even if the bill date is 28 Feb but if you book the invoice in your books on 8th March then liability for TDs should be on 8 March. Experts...
Please suggest your opinion.
Whenever you make an entry in accounts i.e via tally or SAP.
You always enter the entry after the bill date but you enter the date in tally which is printed on the bill so that the accounting entry is backed by the proper documentary evidence.
Same is in the case hence tds to be deducted on the basis of date 28/02/2016.
Click here to login now
Similar Resolved Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- SHARE TRANSFER PRIVATE LIMITED COMPANY
- Car Purchases in Daughter Name
- Invoicing in different currency
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- GST RCM not shown in GSTR-3B
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
