TDS u/s 194R..
This query is : Resolved
31 July 2023
I am having Petro Cards of BPCL/HPCL. In 26 AS shows TDS deducted u/s 194R. Amount is not received in any account. What will be accounting for Tds and Rewards/perquisites in my books.
02 August 2023
Dr. Petro points
Dr. TDS
Cr. perquisits
Dr. TDS
Cr. perquisits
02 August 2023
Noted. But under which head Petro Points to be shown?
02 August 2023
Current assets.
09 August 2023
Noted. But Petro Points will show debit balance. How to nullify the effect.
Can i write off the same? or any other way
Can i write off the same? or any other way
09 August 2023
When you redeem the Petro-points against any product or cash...
09 August 2023
This is perquisite received from BPCL, Tds was deducted because declaration was not provided on time. And no further redemption of the same in upcoming years
09 August 2023
En-cash the petro points in terms of any cash amount received.
what is the perquisite amount received as per form 26AS? & in which form you received the amount? By any credits in bill amount?
what is the perquisite amount received as per form 26AS? & in which form you received the amount? By any credits in bill amount?
11 September 2024
Good Luck.
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