26as
This query is : Resolved
09 July 2013
what is the difference between date of transaction and date of booking in 26 as.
09 July 2013
Date of Transaction means Date of payment or credit which ever is earlier.
Date of booking means the date on which return is processed and amount booked in 26AS. This date will be a date after the TDS return is filed.
Date of booking means the date on which return is processed and amount booked in 26AS. This date will be a date after the TDS return is filed.
Message likes :
1 times
Guest
Guest
(Expert)
10 July 2013
10.07.2013
Dear Vilas,
International Accounting Standard (IAS-26) defines "date of transaction" as the date on which the contract between the parties is accepted, confirmed and acknowledged. "Date of booking" is the date of recording the transaction in the books of A/cs.
Explanation : If the persons / set-ups involved operate in an EDP environment, both the dates can be one and the same. In case of books of accounts manually maintained, the two dates are likely to differ.
Regards,
Dear Vilas,
International Accounting Standard (IAS-26) defines "date of transaction" as the date on which the contract between the parties is accepted, confirmed and acknowledged. "Date of booking" is the date of recording the transaction in the books of A/cs.
Explanation : If the persons / set-ups involved operate in an EDP environment, both the dates can be one and the same. In case of books of accounts manually maintained, the two dates are likely to differ.
Regards,
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- STCG FOR GOLD ETFs
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
