Pls clarify
This query is : Resolved
03 April 2009
Experts,
Rule 30 of IT Rules says "amount credited by a person to the account of the payee as on the date up to which the accounts of such person are made, within two months of the expiration of the month in which that date falls" is it applicable to all calendar month of only for March.
Please clarify.
Rule 30 of IT Rules says "amount credited by a person to the account of the payee as on the date up to which the accounts of such person are made, within two months of the expiration of the month in which that date falls" is it applicable to all calendar month of only for March.
Please clarify.
03 April 2009
It applys only for March month.
03 April 2009
Please take specific note of following part in Rule 30
"...to the account of the payee as on the date up to which the accounts of such person are made..."
The above means that facility of two months's time is available for last month of accounting year only and not for all months during accounting year
"...to the account of the payee as on the date up to which the accounts of such person are made..."
The above means that facility of two months's time is available for last month of accounting year only and not for all months during accounting year
Message likes :
1 times
03 April 2009
Thank you so much sir,
Just for arguementatory am asking If a Company is following a difference financial year then what will be the case?
Just for arguementatory am asking If a Company is following a difference financial year then what will be the case?
06 April 2009
That is your company policy not as per law. In this regard, the act pertain to financial year starts with First April 08 and ends with 31th March 09.
Hope your argument is salved.
Hope your argument is salved.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
