TDS Related Confusion.

This query is : Resolved

Raju Vala (Querist)
Follow

23 January 2021 Invoice received from Party Invoice Date 27/10/2020.
When I Booked in Account Date 23/01/2021.
So Interest/penalty applicable in this invoice.
Please guidance.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

23 January 2021 Invoice of what?????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

24 January 2021 No interest and penalty applicable as you booked in accounts now only. Invoice date is irrelevant, only date of booking in accounts and date of payment is relevant for interst for late payment.

Message likes : 1 times

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

26 January 2021 Agree with CA R Seetharaman Ji, TDS Liability ariese either by Booking of Expenses or Making Payment (Advance) for Expenses whicever is earlier. If you are making any advance payment for goods or services make sure to deduct TDS accordingly.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

cgagroshg cgagroshg

venkanna setty

Jayaram Bramhajosyula

NITHIN GEORGE

DHRUV PATEL

Subscribe Now

TDS Related Confusion.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

Article Assistant

CA Final

Accountant