Tds
This query is : Resolved
21 September 2012
I have a contract for Hiring the Firniture
And after that For 30000 per month
I have not paid amount for 8 month than
contractor took his furniture
earlier we made due entry of 8 month for Rs 30000 and also deduct TDS
but if the amount is settled for Rs 200000 total for 8 month,what will be cosiquence
If i have paid TDS
If i have not paid TDS
PLZ siggest me
And after that For 30000 per month
I have not paid amount for 8 month than
contractor took his furniture
earlier we made due entry of 8 month for Rs 30000 and also deduct TDS
but if the amount is settled for Rs 200000 total for 8 month,what will be cosiquence
If i have paid TDS
If i have not paid TDS
PLZ siggest me
21 September 2012
Revise the TDS return or adjust That Excess TDS in Next Return.
21 September 2012
Actually in any case you have to deduct TDS on Rs.240000 and has to pay and has to issue form 16A for Rs.240000. For Rs.40000 you get the benefit as discount so you has to issue debit note by debiting the owner of the furniture and crediting to Hire charges account. For the same owner of the furniture has to issue credit note by crediting your account and debiting hire charges account.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- Regarding appeal to GSTAT
- Copyright software
- Invoice V/S Goods receipt Note Date
- Form 121 & TDS deduction
- 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
