CMA Swati Agarwal (Manager- F&A) (376 Points)
01 May 2017
CA sachin chaurasiya
(Accounts & Finnance)
(32 Points)
Replied 02 May 2017
Seku Madhu
(Accounts Officer)
(34 Points)
Replied 02 May 2017
VAT Payable can it be shown in Balance Sheet
CA sachin chaurasiya
(Accounts & Finnance)
(32 Points)
Replied 02 May 2017
YES, VAT payable can be shown in balance sheet under head "OTHER CURRENT LIABILITIES
CA Gayathri Sankaran
(CA)
(62 Points)
Replied 03 May 2017
CMA Swati Agarwal
(Manager- F&A)
(376 Points)
Replied 10 May 2017
| Originally posted by : CA sachin chaurasiya | ||
 |
As per sec 192 of income tax act 1961,TDS on salary is to be deducted on payment basis,not on accrual basis.hence TDS must be deposited in june if the payment is made in MAY.Hope doubt is cleared. |  |
Sir,
The Company has posted Salaries in their books after deducting TDS on 31.03.2017. Thus the amounts stands as Salaries Payable. Neither the salalries not TDS has been paid out . The due date of filing of TDS return is May 15, so how to file the same for quarter ended March 31.
DHARANI
(Professional)
(73 Points)
Replied 10 May 2017
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 10 May 2017
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36383 Points)
Replied 16 March 2025
This is a new learning after years of career and is embarrassing to know this :-)
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