If we receive 3 bills for Job Work in the month of January 2018 from X & Co. on 5th Jan, 15th Jan and 25th Jan. Can we deduct TDS on 1 date i.e. 25th Jan or 31st Jan for all the 3 bills by passing a consolidated journal entry or should we pass 3 seperate journals for TDS deduction on respective dates?
1 Replies
Ramanathan G
(None)
(58 Points)
Replied 01 February 2018
One consolidated entry can be done. But the best method is and going in line with rules deduct the TDS on respective date and pass the entry. So that you won't forget in month end. Simultaneously pass the TDS entry while you put entry for labour charges i.e, Job work.
Recent Topics
- Gst tax rate on canned mushroom
- Cash Expense in Corporate Sector
- Sell my 16 year old private limited company
- Gst penalty u/s 122 (1) XII
- Gst penalty u/s 122 (1) XII
- Address in document as Proof of Communication Addr
- Purchase via Commission agents
- GST Clarification on Popcorn
- SECTION 269SU DETAILS REPORTING
- Tds or tcs on foreign remittance to india as a rei
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
