Tds planning u/sec 194 c
This query is : Resolved
23 August 2011
proprietorship Concern :namely PEC, (a Tution coaching centre)
Another wings of the same concern PSGP Ltd.(middle man)
Creditors raised addv & Printing bill on PSGP Ltd say Rs. 1000/-, Then PSGP raised bill on orginal assessee added 12% there commission and raised invoice of Rs. 1200/-,No one deduct TDS under sec 194C.
Now PEC paid TDS of Rs. 10/- (not Rs. 12/-)out of its own pocket
Please suggest me the TDS application, and what should be the book Entry ?
Another wings of the same concern PSGP Ltd.(middle man)
Creditors raised addv & Printing bill on PSGP Ltd say Rs. 1000/-, Then PSGP raised bill on orginal assessee added 12% there commission and raised invoice of Rs. 1200/-,No one deduct TDS under sec 194C.
Now PEC paid TDS of Rs. 10/- (not Rs. 12/-)out of its own pocket
Please suggest me the TDS application, and what should be the book Entry ?
23 August 2011
more clarity required in your query.
need to be deduct Rs.12. only by the PEC for PSGP bills
Dr: Adv& printing Expenses
Cr: TDS A/C
Cr: PSGP a/c
need to be deduct Rs.12. only by the PEC for PSGP bills
Dr: Adv& printing Expenses
Cr: TDS A/C
Cr: PSGP a/c
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR validation error - Balance sheet is not filled
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
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
