Urgent entry...
This query is : Resolved
23 November 2012
Dear Sir,
I am a builder.I am running a proprietorship firm.....I am covered u/s 44AB individual and also a partner of a new firm... all the expenses on behalf of new firm which is gonna start a new project. Expenses are being paid by me from my personal fund till date... Do i need to deduct TDS as i am having TAN and the payment to various persons covered U/s 194C, 194H, 194J etc..??? What entry shall i pass for TDS recovered and paid by my on behalf of the firm?
I am a builder.I am running a proprietorship firm.....I am covered u/s 44AB individual and also a partner of a new firm... all the expenses on behalf of new firm which is gonna start a new project. Expenses are being paid by me from my personal fund till date... Do i need to deduct TDS as i am having TAN and the payment to various persons covered U/s 194C, 194H, 194J etc..??? What entry shall i pass for TDS recovered and paid by my on behalf of the firm?
24 November 2012
Tds will be deducted by the partnership firm only by using its on TAN. You cannot deduct the tax by using your TAN. The payment you have made on behalf of the firm shall be paid back to you by the firm.
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- FORM 26A APPLICABILITY
- Value of property in capital gain
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
