Can we issue monthly debit notes for TCS , or is it compulsory to charges in invoices only ?
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 25 October 2023
NARENDRA
(ACCOUNTS MANAGER)
(1758 Points)
Replied 25 October 2023
Originally posted by : RAJA P M | ||
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Yes, You can give monthly once.But, Better practice is with charge through invoice... | ![]() |
I just want to confirm that , TCS Depend on crossing 50 L turnover or 50 L receipts from customer . i think whichever is earlier one should charge tcs , right ??
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 26 October 2023
Originally posted by : NARENDRA | ||
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Originally posted by : RAJA P M Yes, You can give monthly once.But, Better practice is with charge through invoice... I just want to confirm that , TCS Depend on crossing 50 L turnover or 50 L receipts from customer . i think whichever is earlier one should charge tcs , right ?? |
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Are You asking about sec 194Q of ITA...??!
CA Raj Doshi
(Practising CA)
(8898 Points)
Replied 06 November 2023
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