Interested to Buy Any Domain ? << Click Here >> for more details...
is it necessary to make payment to party in the same
assessment year after deducting tds
- 2 Answers
- 4256 Views
- I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
When tax is deducted at source while crediting the a/c of a
party or making the payment to them 9whichever is earlier)
as per the Income tax Act, the same should be remitted to
the Govt. A/c on or before the due date (i.e. 7th of the
following month at present for TDS other than salaries). In
case the same is not remitted, interest is applicable as
prescribed in the Act.
Making or not making the payment has no bearing on Income
Tax liability. Till the payment is made tot eh party, it
will appear as Current Liability in the books of accounts.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)
what is the procedure for Delhi WCT payment , we have a registered office at mumbai and we have a branch at delhi for that renovation we have deducted WCT ,we have ur VAT and CST no for delhi branch do we need have additional registration for this payment
which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.
Making delivery challan is possiable between two branch of difference code
procedure of service tax
How to make fdr entry in tally software i dont understand. when fdr open from bank and after work and interest it get closed. i want to understand how to make ledger of that and full details please help me
if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?
1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.
Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.
we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?
how to creat e-vat return in tally
In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.
what is form 8? what are all the details to be collected while buying c form
How to adjustment of CST ? and also tell me about C-Form affairs ?
