Bills pertaining to prior period
This query is : Resolved
Dheeraj Hans
(Querist)
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.
Sanjeeva Reddy
(Expert)
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.
RONAK DARJI
(Expert)
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.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- TDS- 2026-27 Q1 Correction
- Advances to related party
- Rent agreement of House of deceased person
- LLP audit and disclosure
- Capital Gains Tax on Inherited Mutual Fund
- GSTR9 Annual Return
- Applicability of tax on invoice
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
