All Respected Members,
please educate me on following:
a firm received cheque dated 30th may, 2023 on 3rd April 2023. Client deducted income tax from payment and deposited it for fiscal year 2023.
in which fiscal year firm should record this receipt ? For FY 2023 or FY 2024 ?
Thanks in advance for your precious time and efforts to reply this query,
Menu
AA-28 Receipt Recording
Replies (5)
Quick Summary
When they got the cheque & deposited IT in to the bank .............
Dear Narendra Sir,
Thanks for your reply.
You means it will be recorded or considered receipt for the fiscal year 2024 ?
Thanks for your reply.
You means it will be recorded or considered receipt for the fiscal year 2024 ?
Yes............. .........
Dear Narendra Sir,
Thanks for confirmation.
Can you please educate me about procedure of adjustment of TDS deduction at the end of fiscal year.
I watched an video on YouTube in which a person was adjusting TDS deduction amount by income tax expense account.
is it better way of adjustment?
Thanks for confirmation.
Can you please educate me about procedure of adjustment of TDS deduction at the end of fiscal year.
I watched an video on YouTube in which a person was adjusting TDS deduction amount by income tax expense account.
is it better way of adjustment?
https://m.youtube.com/watch?v=N8BXLM5qDdI
Please see video by clicking above link.
Recent Topics :
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
Related Topics :
CAclubindia
