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
CA Parul Saxena
(Expert)
28 September 2013
TCS is simple your expense....i think no credit is obtained for this amount lets wait for other's opinion.....
Ashwani Narnoli
(Expert)
28 September 2013
Yes the credit of TCS will be allowed.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
