TDS on professional fees
This query is : Resolved
23 August 2010
I have submitted bill for the professional services for Rs. 50,000 in January 2010 on which TDS has been deducted by the client. Certificate has been issued to me for the full amount of income. However, the payment has been made to me in August 2010. How do I account for the income for the y. e. 31.3.2010 and claim TDS. Whether it is possible to claim the TDS in the year of receipt when the full income is offered for tax i. e. FY 2010-11
23 August 2010
13.3.2010
TDS receivable DRxxxxxx
To Party A/c xxxxxxxxx
Being amt of TDS Deducted
Balance will remain in party account.
TDS receivable DRxxxxxx
To Party A/c xxxxxxxxx
Being amt of TDS Deducted
Balance will remain in party account.
23 August 2010
january 2010
you have to pass the following entry.
party .................dr
to, professional fees
tds receivable ...............dr
to party.........
you have to pass the following entry.
party .................dr
to, professional fees
tds receivable ...............dr
to party.........
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Condonation . E-Verification of last year return .
- CREDIT NOTES WITHOUT GST
- Eway bill generation from place other than registeted
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- 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
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
