Can we issue monthly debit notes for TCS , or is it compulsory to charges in invoices only ?
RAJA P M
("Do the Right Thing...!!!")
(127227 Points)
Replied 25 October 2023
NARENDRA
(ACCOUNTS MANAGER)
(1498 Points)
Replied 25 October 2023
| Originally posted by : RAJA P M | ||
 |
Yes, You can give monthly once.But, Better practice is with charge through invoice... |  |
I just want to confirm that , TCS Depend on crossing 50 L turnover or 50 L receipts from customer . i think whichever is earlier one should charge tcs , right ??
RAJA P M
("Do the Right Thing...!!!")
(127227 Points)
Replied 26 October 2023
| Originally posted by : NARENDRA | ||
|
Originally posted by : RAJA P M Yes, You can give monthly once.But, Better practice is with charge through invoice... I just want to confirm that , TCS Depend on crossing 50 L turnover or 50 L receipts from customer . i think whichever is earlier one should charge tcs , right ?? |
|
Are You asking about sec 194Q of ITA...??!
CA Raj Doshi
(Practising CA)
(8790 Points)
Replied 06 November 2023
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
