TDS u/s 194R..
This query is : Resolved
Quick Summary
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
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.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Visiting card purchase
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
