Bills pertaining to prior period
This query is : Resolved
12 July 2011
I have now received bills of some of our service provider pertaining to last year but i have already filed my TDS/Service Tax return.
I want to know can I book all those bills in current year relates to F.Y. 10-11 and there will not be any problem in Income tax.
Pls advise.
I want to know can I book all those bills in current year relates to F.Y. 10-11 and there will not be any problem in Income tax.
Pls advise.
12 July 2011
Even thou your service provider has sent the bills this year, the expinditure pertains to previous years you should have booked it in the books during the previous year only. At the time of providing for in the books you should have deducted TDS.
As in the case the items comes under preior period adjustments for taking them in to book during the current year.
For making TDS on such items and filing the TDS return you have to file a revised return. TDS has to be depoited along with interest.
As in the case the items comes under preior period adjustments for taking them in to book during the current year.
For making TDS on such items and filing the TDS return you have to file a revised return. TDS has to be depoited along with interest.
12 July 2011
Dear Dheeraj,
As per details furnish by you,my opinion is to file revised return.
Regards,
Ronak Darji.
As per details furnish by you,my opinion is to file revised return.
Regards,
Ronak Darji.
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