Tds deduction on income
This query is : Resolved
19 October 2015
Hi,
Please help me for the following:
i have a hospital and we serve to RSBY patient on credit and then get the payment directly from the concerned authority. However, we are not supposed to charge the Service Tax but they deduct the TDS @10% on each invoice.
My question is how to treat the tds in my books as of now my hospital is in loss so i can not get the benefit of the TDS.
Thanks and Regards,
RJ
Please help me for the following:
i have a hospital and we serve to RSBY patient on credit and then get the payment directly from the concerned authority. However, we are not supposed to charge the Service Tax but they deduct the TDS @10% on each invoice.
My question is how to treat the tds in my books as of now my hospital is in loss so i can not get the benefit of the TDS.
Thanks and Regards,
RJ
19 October 2015
You can book the same in TDS Receivable A/C under Current Assets and can claim refund at the time of filing Income tax return.
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
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- 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
- Invertaded duty struture
- FCRA 6 E- Intimation
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- 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
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
