Tds on contractor
This query is : Resolved
10 February 2012
IF A CONTRACTOR RAISE BILL ON 31.1.2012 AND THE RECEIVER OF THE BILL PASS IT ON 10.02.12 AND ALSO DEDUCT TDS ON THE BILL .
NOW WHAT AMT. OF THE TDS SHOULD BE DEPOSIT BY THE ASSESSEE
1 ACTUAL AMT OF TDS
OR
2 AMT OF TDS+ INTTEREST ON TDS
BECAUSE INV. IS RELATED TO LAST MONTH AND WE ARE DEDUCTING THE TDS IN NEXT MONTH
NOW WHAT AMT. OF THE TDS SHOULD BE DEPOSIT BY THE ASSESSEE
1 ACTUAL AMT OF TDS
OR
2 AMT OF TDS+ INTTEREST ON TDS
BECAUSE INV. IS RELATED TO LAST MONTH AND WE ARE DEDUCTING THE TDS IN NEXT MONTH
12 February 2012
Since work and invoice related to Jan-12, need to provide expenses during Jan-12 and TDS also the same time deductible. so it is late deduction hence interest is applicable
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Reporting Income under Section 44ADA
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
