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.
Menu
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
Recent Threads
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
Related Threads
CAclubindia
