TDS for the month Mar. will be consider in ??
This query is : Resolved
20 April 2011
Sir,
A March month bill is come 1 April 2011.
This Bill & TDS Considered in Q4 return of F.Y. 2010-11 or Q1 return of F.Y. 2011-12
A March month bill is come 1 April 2011.
This Bill & TDS Considered in Q4 return of F.Y. 2010-11 or Q1 return of F.Y. 2011-12
CA Navin Jain
(Expert)
20 April 2011
you need the make provision of such exp on 31.3.2011 and deduct tds, therefore tds considered in Q4 return
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20 April 2011
Sir,
Our June Bill come 1 July 2010 then this is considered in Q2 Return & Sept. 10 Bill come 1 Oct. it was considered in Q3 return.
Now our Dec. bill also Remain It is also considered in Q4 & Mar. bill will be considered in Q4??
It will be right??
Our June Bill come 1 July 2010 then this is considered in Q2 Return & Sept. 10 Bill come 1 Oct. it was considered in Q3 return.
Now our Dec. bill also Remain It is also considered in Q4 & Mar. bill will be considered in Q4??
It will be right??
CA Navin Jain
(Expert)
20 April 2011
YES U CAN DO THAT
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CA Navin Jain
(Expert)
20 April 2011
TDS WOULD BE DEDUCTED AT THE TIME OF CREDIT OR PAYMENT WHICHEVER IS EARLIER,
BUT IF EXPENSES IS NOT RELATED FINANCIAL YEAR THEN EXPENSES WOULD BE DISALLOWED AS PRIOR PERIOD ITEM
BUT IF EXPENSES IS NOT RELATED FINANCIAL YEAR THEN EXPENSES WOULD BE DISALLOWED AS PRIOR PERIOD ITEM
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20 April 2011
Sir,
If we Considered Mar. bill in Q1 of F.Y. 2011-12 Then it will be right or wrong??
If we Considered Mar. bill in Q1 of F.Y. 2011-12 Then it will be right or wrong??
CA Navin Jain
(Expert)
20 April 2011
ACCORDING TO TDS PROVISION U ARE NOT WRONG, BUT WHILE CALCULATION OF INCOME TAX THAT EXP WOULD BE DISALLOWED
20 April 2011
Sir,
If we considered it in Q4 then it will be allowed
What will be best option Q4 or Q1
If we considered it in Q4 then it will be allowed
What will be best option Q4 or Q1
20 April 2011
Sir,
If we considered it in Q4 then it will be allowed
What will be best option Q4 or Q1
If we considered it in Q4 then it will be allowed
What will be best option Q4 or Q1
CA Navin Jain
(Expert)
20 April 2011
best option is Q4
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