Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2018
Sir,
I have a doubt regarding date of deduction of TDS.
There is an Invoice of professional charges for Rs 100000 dated 31.3.2018 for the month of march 2018 but the comapany has booked the expense as on 08.04.2018 and subsequently they have deducted TDS on same on 8.04.2018 & paid on 7th May 2018.
So have they done correct or they should book the expense as on the invoice date i.e 31.03.2018 & pay it before 30th April 2018.
I have a doubt regarding date of deduction of TDS.
There is an Invoice of professional charges for Rs 100000 dated 31.3.2018 for the month of march 2018 but the comapany has booked the expense as on 08.04.2018 and subsequently they have deducted TDS on same on 8.04.2018 & paid on 7th May 2018.
So have they done correct or they should book the expense as on the invoice date i.e 31.03.2018 & pay it before 30th April 2018.
15 August 2018
Expenses should be booked in the year in which accrued, company has to book Expenses for March and they have to deduct TDS u/s 194J @10% and same to be paid with out interest before 30th April due date
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
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- NRI starting business in India
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- Filling ITR - U
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
