Hello Friends ..... we raised invoice to "X" Amnt_27,55,721/- but that amount received from "Y" is there any proble from income tax...side... Pls....advice
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 14 July 2010
Confirm from the other side as to in which company is the bill being booked and accordingly change your bill so that there is no problem in Income Tax and moreoverso if confirmation is sent from IT to that party the party confirms the same.
CA. Abhishek K. Pandey
(Manager (Advance))
(901 Points)
Replied 14 July 2010
Why there would be any problem?
Simply make an entry,
Bank A/c Dr.
To X
Since you have received that money against that invoice, it won't make any difference. Just treat it as normal receipt. Thats it !
Bhumesh
(Incharge Accounts)
(44 Points)
Replied 15 July 2010
| Originally posted by : Aditya Maheshwari | ||
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Confirm from the other side as to in which company is the bill being booked and accordingly change your bill so that there is no problem in Income Tax and moreoverso if confirmation is sent from IT to that party the party confirms the same. |
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Thnx for u r advice that companies are sisterconcern companies in that that "X" teducted Tds 30K we i think that "X" company issued TDS certificate, and some service tax also is there they take a setoff, and same way we also paid service tax to Govt in the name of "X" but which we have received payment taht only "Y"
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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