what to do if TCS on sale of goods is not collected and the amount of TCS is also not shown in Invoice at the time of sale. so can we generate Invoice for collecting of TCS of previous year in Current year.. orr there any other way for collecting TCS
please guide
Menu
TCS on sale of goods not collected
Replies (5)
Can raise debit note dated 31.03.2024 for TCS collection
Any interest has to be paid on late collection of TCS on sale and there any disallowance under IT act
Yes interest payable @ 1 p.m. and the same is disallowed under IT Act
Any interest has to be paid on late collection of TCS on sale and there any disallowance under IT act
Only interest part will be disallowed, if you have paid TCS amount before due date of filing of ITR(Income Tax Return).
Recent Threads
- ITR tax return related query
- Commercial property rent query
- What is the Accounting Treatment for the CAR buy b
- Intraday loss & FNO loss - small amount
- Query on carrying documents in case of e-way Bill
- 194C Income can be claimed under Other sources?
- ITR 2 filing error after validation
- ITR filing STCG LTCG
- TDS deducted against PF withdrawal
- VRS / Severance Pay full exemption u/s 89 ( 10E fo
Related Threads
CAclubindia
