Issuance of Form 16A
This query is : Resolved
05 June 2009
Dear Experts,
We have accured expenses for the FY 2008-09 although we received the invoices only in April/May 2009.
Credit was duely given to the party & TDS deducted,paid..filed the Q4 returns & also issued Form 16A.
Now the deductee claims that for the invoices raised in April/may 09, separate Form 16A needs to be given & that it does not pertain to the FY 2008-09.
Our content is that we have accured for the expenses in our books & hence deducted/paid TDS & included in the FY 2008-09 itself.
Is the content correct?& any supporting available to this?
Kindly provide asap!
We have accured expenses for the FY 2008-09 although we received the invoices only in April/May 2009.
Credit was duely given to the party & TDS deducted,paid..filed the Q4 returns & also issued Form 16A.
Now the deductee claims that for the invoices raised in April/may 09, separate Form 16A needs to be given & that it does not pertain to the FY 2008-09.
Our content is that we have accured for the expenses in our books & hence deducted/paid TDS & included in the FY 2008-09 itself.
Is the content correct?& any supporting available to this?
Kindly provide asap!
05 June 2009
You can issue two TDS certificates to the person for the year. One for the whole year upto 30th March, 2009 and one for 31st March, 2009 only i. e. in respect of provision of expenses made.
The said person must be keeping his books on cash basis so he must be facing such a problem and asking for 2 TDS certificates. You can claim the expenditure in F. Y. 2008-09 itself.
The said person must be keeping his books on cash basis so he must be facing such a problem and asking for 2 TDS certificates. You can claim the expenditure in F. Y. 2008-09 itself.
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
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Value of property in capital gain
- 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
