Can we issue monthly debit notes for TCS , or is it compulsory to charges in invoices only ?
Can we issue monthly debit notes for TCS , or is it compulsory to charges in invoices only ?
| Originally posted by : RAJA P M | ||
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Yes, You can give monthly once.But, Better practice is with charge through invoice... |  |
I just want to confirm that , TCS Depend on crossing 50 L turnover or 50 L receipts from customer . i think whichever is earlier one should charge tcs , right ??
| Originally posted by : NARENDRA | ||
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Originally posted by : RAJA P M Yes, You can give monthly once.But, Better practice is with charge through invoice... I just want to confirm that , TCS Depend on crossing 50 L turnover or 50 L receipts from customer . i think whichever is earlier one should charge tcs , right ?? |
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Are You asking about sec 194Q of ITA...??!
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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