About tds--urgent help very imp
This query is : Resolved
30 April 2012
Dear Experts,
We have received a invoice for Mar-2012 and its not been booked in TALLY.
Now i have make payment. Now please advice me :
1) first how should I account in system as this is mar'12 dated invoice.
2) If I account now with 12-MAr-12 then i should pay interest,,, i.t TDS interest or
2) is there any optins open to me to overcome this situavation apart from Asking NEW INVOICE..
Best Regards
We have received a invoice for Mar-2012 and its not been booked in TALLY.
Now i have make payment. Now please advice me :
1) first how should I account in system as this is mar'12 dated invoice.
2) If I account now with 12-MAr-12 then i should pay interest,,, i.t TDS interest or
2) is there any optins open to me to overcome this situavation apart from Asking NEW INVOICE..
Best Regards
30 April 2012
you can accounted the said bill on 31.03.12 (may be have no problem to entry the said bill in Tally as it is the financial end n you have no problem to booking the bill in tally) and deducted TDS accordingly as for Mar,12 qtr TDS deposit date is 30.04.12 so you can deposit the tds without any interest payment and book the said bill easily.
01 May 2012
Dear,
Today is 1st May so by moth of april i suppose to remit the TDS.
If i bill with 31-03-2012 what about the TDS implications? should i pay interest?
if yes how much...?
Today is 1st May so by moth of april i suppose to remit the TDS.
If i bill with 31-03-2012 what about the TDS implications? should i pay interest?
if yes how much...?
01 May 2012
you have to deposit interest for 2 month @ 1% per month on the said tds amount.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
