Tax collection at source
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2013
any body knows answer of this question. pls reply
when i purchased a alcohol i give a tcs on it at a applicable rate. and i made a entry:
purchase a/c DR.
tcs a/c Dr
To parties.
BUT MY QUESTION IS IF I MADE A TCS ACCOUNT THEN IN WHICH ACCOUNT TCS ACCOUNT IS CLOSED.
AND WHY...
PLS. PLS. REPLY
when i purchased a alcohol i give a tcs on it at a applicable rate. and i made a entry:
purchase a/c DR.
tcs a/c Dr
To parties.
BUT MY QUESTION IS IF I MADE A TCS ACCOUNT THEN IN WHICH ACCOUNT TCS ACCOUNT IS CLOSED.
AND WHY...
PLS. PLS. REPLY
28 September 2013
TCS is simple your expense....i think no credit is obtained for this amount lets wait for other's opinion.....
28 September 2013
Yes the credit of TCS will be allowed.
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