tds on advance payment
This query is : Resolved
08 July 2008
we in the month of march we have paid amt which was tds deductable but we forgot on advance payment so what is disallowed coz we have not booked exp. only advance payment is given
08 July 2008
How much is the advance and nature of expenditure?
08 July 2008
for contractor and rs 500000
08 July 2008
disallowance will be to the tune of @2% or 1%
(in case of advertising contract and payment to the sub-contractor). so the amount comes as follows :-
paid=Rs 500000/-
tax calculated thereon- 2%500000=10000
add : Education cess @ 3%- 300
_______________
Total 10300/-
_________________
(in case of advertising contract and payment to the sub-contractor). so the amount comes as follows :-
paid=Rs 500000/-
tax calculated thereon- 2%500000=10000
add : Education cess @ 3%- 300
_______________
Total 10300/-
_________________
08 July 2008
plz tell me how can be possible that no expenditure booked. how i show in 3CD form only advance is fiven to contractor
09 July 2008
slove the query
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
