Tax collected at source
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2011
when to pass entry for tax collected at source for interest on inter corporate deposits?? while passing due entry or receipt entry??
30 December 2011
Tax Collected at Source?
I think you want to say Tax Deducted at Source(TDS).
Its to be deducted on date of payment or due entry whichever is earlier u/s 194I at 10%.
So pass TDS entry at the time of payment or credit (due entry) whichever is earlier.
I think you want to say Tax Deducted at Source(TDS).
Its to be deducted on date of payment or due entry whichever is earlier u/s 194I at 10%.
So pass TDS entry at the time of payment or credit (due entry) whichever is earlier.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2011
no sir..if i m d reciever of income..thn d payee ll deduct d tax..in my book when should i pass entry for such tds..?? while passing due entry or receipt entry??
30 December 2011
If you are the receiver of the income and the TDS has been deducted from you then pass the entry on the date on which TDS has been deducted from you.
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