Tds and wct payment
This query is : Open
28 May 2013
Sir,
I want to ask one question that when I received payment from party I always divide in Bank Receipt, Tds Payment and WCT payment.I Want to know whether Tds Payment to be shown in Assessment year i.e.Year 2013-14 and WCT in Financial Year 2013, I always post in Tally this manner, whether I am right or wrong?
I want to ask one question that when I received payment from party I always divide in Bank Receipt, Tds Payment and WCT payment.I Want to know whether Tds Payment to be shown in Assessment year i.e.Year 2013-14 and WCT in Financial Year 2013, I always post in Tally this manner, whether I am right or wrong?
28 May 2013
you enter one entry and related tax claim in single year as per accural accounting method
28 May 2013
Sir,
As Per my above query (if i enter today 28-5-2013),I want to know that TDS receipt entry to be in Assessment Year i.e.Year 2014-15 and WCT to be enter in Financial year i.e.Year 2013-14.This entry to be correct or wrong? what is the accounting rule, whether TDS receipt entry to be done in Financial year or Assessment year and same question for WCT receipt entry.
Please guide me.
Thanks,
Pravin
As Per my above query (if i enter today 28-5-2013),I want to know that TDS receipt entry to be in Assessment Year i.e.Year 2014-15 and WCT to be enter in Financial year i.e.Year 2013-14.This entry to be correct or wrong? what is the accounting rule, whether TDS receipt entry to be done in Financial year or Assessment year and same question for WCT receipt entry.
Please guide me.
Thanks,
Pravin
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