Tds - bill received late
This query is : Resolved
18 October 2013
In most of the cases company receives bill after due for payment of TDS.. what to do in such situation?? Can accounting entries be made on receiving date instead of bill date??
18 October 2013
Yes accounting entry to be made after receiving the bill on date when bill is received. Due date for payment of TDS will be calculated from the date of book entry.
TDS to be deducted on date of payment or credit which ever is earlier.
TDS to be deducted on date of payment or credit which ever is earlier.
Message likes :
1 times
18 October 2013
but there are so many bills which are received after due date of payment. If made accounting entry on receiving date than wont it create difficulty if our case comes in scrutiny?? as bill date and entry date wud be different
18 October 2013
Yes but the suggestion given by expert still holds true even if there is difficulty faced as in any case you need to follow what law says.
Message likes :
1 times
18 October 2013
No issues. You can only pass entry after you receive the bill. Treat bill received date as date of entry. This is normal practice.
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- ITR returnFY25-26
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
