If we received invoice of June in July 2021 and tcs is already charged on the above invoice .
please clarify that we deduct TDS under section 194Q while booking of invoice if it already charged TCS on invoice.
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194Q clarification
Replies (2)
The amount which has already collected aa TCS, you may ignore.
from next month onwards you must deduct TDS at prescribed rates and receive Debit note from your supplier.
from next month onwards you must deduct TDS at prescribed rates and receive Debit note from your supplier.
I agree with the above
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