Sales promotion expenses

TDS 684 views 4 replies

10/03/15 I PAID FOR THE TIMES INDUSTIES LTD TO SALES PROMOTION FEES

IN THIS TIME IAM NOT DEDUCTED TDS 

IN AUDIT TIME CA SIR YOU CAN PAY TDS AFTER RETURN FILLING 

BUT THE COMPANY IS NOT SHOWN TDS

HOW TO SHOW THE ENTRY

PLS. HELP US

 

Replies (4)

Please gives detailed explanation to your query in order to solve the query

I PAID BY CHEQUE IN ONLINE SALES PROMOTION , MARKETING KE

LIYE

TDS NAHI DEDUCTED KIYA

CA BOLRA HA HAI KI TDS DEDUCTED KARNA HAI

JIS COMPANY NE KUCH NAHI DI KAYA UNKE LEDGER ME, AUR AUDIT ME

ISKA SOLUTION BATA NA SIR PLS.

 

Firstly explain this statement

JIS COMPANY NE KUCH NAHI DI KAYA UNKE LEDGER ME, AUR AUDIT ME

Do you mean the amt you paid to the company in their ledger it is not reflected, is it?

Secondly are you having a turnover of Rs 1 crore and above or in case of profession are your gross receipts more than 25 lakhs, then you are subjected to TDs provisions. Now if you have already paid the company, just send them credit note wrt TDs payment as you already failed to deduct the same.

If you have not made the payment then make a provision and then deposit TDs amt with interest before the due date of filing return

Yes your CA told you correct, you can make the payment before the due date of filing the return(I.e 30 sept if in tax audit). But make the provision for it in the fy

I also agree with Rinkle, you should issue a credit note to the company regarding not deducting the TDS amount, You should paid the tds amount to tax authority along with interest  on or before the due date i.e. 30th September 2015.


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