Menu
TCS should be added on bill or debit note
Which method is better to debit the Party for TCS. Adding it to bill or issuing Debit note on amount received during the month ? and why?
Replies (2)
As per IT circular tcs shall be collected at the time of receipt of consideration.hence debit note
is sufficient.
is sufficient.
THANKS FOR RESOLVING THE ISSUE
Recent Threads
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
Related Threads
CAclubindia
