Tds deduction on income
This query is : Resolved
19 October 2015
Hi,
Please help me for the following:
i have a hospital and we serve to RSBY patient on credit and then get the payment directly from the concerned authority. However, we are not supposed to charge the Service Tax but they deduct the TDS @10% on each invoice.
My question is how to treat the tds in my books as of now my hospital is in loss so i can not get the benefit of the TDS.
Thanks and Regards,
RJ
Please help me for the following:
i have a hospital and we serve to RSBY patient on credit and then get the payment directly from the concerned authority. However, we are not supposed to charge the Service Tax but they deduct the TDS @10% on each invoice.
My question is how to treat the tds in my books as of now my hospital is in loss so i can not get the benefit of the TDS.
Thanks and Regards,
RJ
19 October 2015
You can book the same in TDS Receivable A/C under Current Assets and can claim refund at the time of filing Income tax return.
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?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- 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
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
