Tcs
This query is : Resolved
22 September 2011
Dear experts,
please help me for the following:
We have sold plastic scrap and for which we have collected tcs @ 1% from party in our sale bill. And the collected tcs amount is already paid to govt under challan no. 281 under head 6CE. But first time I am preparing tcs return 27EQ (under software, downloaded from nsnl site ) I have seen Total value of purchase(s) in column no. 27 (668) in Annexure 1 portion and I put our total sale bill value for the respective TCS and finally file validated successfully now i am also seeing Total value of purchase in 'FVU TCS STATEMENT STATISTICS REPORT'
My question is we had sold (scrap) why it is showing purchase and thus .fvu file is correct or not ? will party get (I.T)credit or not ?
Please help
please help me for the following:
We have sold plastic scrap and for which we have collected tcs @ 1% from party in our sale bill. And the collected tcs amount is already paid to govt under challan no. 281 under head 6CE. But first time I am preparing tcs return 27EQ (under software, downloaded from nsnl site ) I have seen Total value of purchase(s) in column no. 27 (668) in Annexure 1 portion and I put our total sale bill value for the respective TCS and finally file validated successfully now i am also seeing Total value of purchase in 'FVU TCS STATEMENT STATISTICS REPORT'
My question is we had sold (scrap) why it is showing purchase and thus .fvu file is correct or not ? will party get (I.T)credit or not ?
Please help
22 September 2011
Dont worry about the title used in Annexure I. U have filled up correctly. Please upload and issue 27D to Purchaser of scrap
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