16 May 2015
it means bill is for month of april 15 so book on 30.4.2015
Querist :
Anonymous
Querist :
Anonymous
(Querist)
16 May 2015
and if there is TDS liability of Rs. 10000/- which i have to pay on 07/05/2015. but the bill is received on 15/05/2015 than i have to pay late payment interest on the tds liability , but that,s not my fault
16 May 2015
income tax dept will not see whose fault is there, if u pay late tds then int will be have to be paid by you only
Querist :
Anonymous
Querist :
Anonymous
(Querist)
16 May 2015
if i book that bill on 15/05/2015 than i dont have to pay interest on TDS payment, it contradict accounting standard or principal of accounting but i dont have to pay Interest which may be in thousands in whole year