Hello friends,
How to classify TDS interest and late fee (234e) in Revised Schedule VI?? Under Finance Cost or under Other Expenses??
regards
jhonny
Menu
Classiffication of tds interest and late fee under sch vi
Replies (1)
The same can be shown in the head "Other Expenses". You may show the same separately or under the sub head "Miscellaneous expense". However, Any item under which expenses exceed 1 per cent of total revenue or Rs. 5,000 whichever is higher, shall be shown separately and distinct item against an appropriate account head in Statement of Profit and Loss.
Recent Topics :
- 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
- Taxation of Gift - Father to Daughter
Related Topics :
CAclubindia
