Quarterly return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2010
Sir,
My client is working with a co. as a consultant n payment is made to him tds deducted u/s 94j. He had joined the co. in A.Y. 2009-10 in jan 09 payment made to him in feb 09 for the month of Jan 09 tds deducted & deposited in feb 09. Then in the month of april 09 tds was deducted and deposited for march 09, but while furnishing form 27A for the period of 1/1/09-31/3/09 i.e. last quarter the amount of tds to be deducted in march 09 bill was deposited on 9th april so whether this amount will be added in march 09 return or not?
Can u please explain me the above in detail.
Regards
My client is working with a co. as a consultant n payment is made to him tds deducted u/s 94j. He had joined the co. in A.Y. 2009-10 in jan 09 payment made to him in feb 09 for the month of Jan 09 tds deducted & deposited in feb 09. Then in the month of april 09 tds was deducted and deposited for march 09, but while furnishing form 27A for the period of 1/1/09-31/3/09 i.e. last quarter the amount of tds to be deducted in march 09 bill was deposited on 9th april so whether this amount will be added in march 09 return or not?
Can u please explain me the above in detail.
Regards
04 March 2010
Hi,
yes, the amount of bill for the month of march-09 will be added in form 27A. As per the accrual system of accounting, provision for march-09 will have to be made in the month of march-09 itself and hence TDS will be deducted in march-09 only since TDS is deductible at the time of payment or credit whichever is earlier hence form 27A will inclued amount of bill for the month of march-09 also.
yes, the amount of bill for the month of march-09 will be added in form 27A. As per the accrual system of accounting, provision for march-09 will have to be made in the month of march-09 itself and hence TDS will be deducted in march-09 only since TDS is deductible at the time of payment or credit whichever is earlier hence form 27A will inclued amount of bill for the month of march-09 also.
04 March 2010
AGREE
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
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
