tds on advance payment
This query is : Resolved
08 July 2008
we in the month of march we have paid amt which was tds deductable but we forgot on advance payment so what is disallowed coz we have not booked exp. only advance payment is given
08 July 2008
How much is the advance and nature of expenditure?
08 July 2008
for contractor and rs 500000
08 July 2008
disallowance will be to the tune of @2% or 1%
(in case of advertising contract and payment to the sub-contractor). so the amount comes as follows :-
paid=Rs 500000/-
tax calculated thereon- 2%500000=10000
add : Education cess @ 3%- 300
_______________
Total 10300/-
_________________
(in case of advertising contract and payment to the sub-contractor). so the amount comes as follows :-
paid=Rs 500000/-
tax calculated thereon- 2%500000=10000
add : Education cess @ 3%- 300
_______________
Total 10300/-
_________________
08 July 2008
plz tell me how can be possible that no expenditure booked. how i show in 3CD form only advance is fiven to contractor
09 July 2008
slove the query
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