Dear Friends,
Please see the attached file & reply, we should go for option 1 or 2.
Company A has issued a bill of consultancy to Company B.
Thanks in Advance.....
3 Replies
Hitesh Kothari
(Article)
(144 Points)
Replied 09 January 2009
Dear Mr. Jayesh,
As per given situation go for option 2 to avoid Penalty & Revision of Return.
Thanks & Regards
Hitesh
Jayesh Jagetiya
(Chartered Accountant)
(635 Points)
Replied 10 January 2009
But can we go for option 2, because the date of credit is 31.03.2008 & date of TDS Deduction is 31.12.2008?
Rajeev
(www.rkmco.com)
(985 Points)
Replied 30 September 2009
Option 2 is not an option at all , TDS to be deducted as on the date of the credit or payment whichever is earlier . Option 1 is the only option , take option 1 .
Pray for penalty if levied . any penalty proceedings are quasi judicial and a show cause has to be issued before levying of penalty .
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