TDS U/S 194 C .
under which head the amount will be shown.
actually my client made sales to bsnl . they have deducted tax @ . 1%. on the amount of purchase since the value is more than rs.30000
Vijay Mohan (637 Points)
24 March 2021
Varalakshmi
(Student)
(210 Points)
Replied 24 March 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 24 March 2021
CA Puja Sharma
(Chartered Accountant)
(4995 Points)
Replied 24 March 2021
This will be considered as Direct income/Revenue from Operation/Sales in the books of accounts of the seller.
Receivables from BSNL will reduce by the amount of TDS deduction.
TDS will be reported under the head current assets.
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