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
- 4117 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / 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 |
Answer / yasin
i think it remain outstanding eventhough tds is deducted
| Is This Answer Correct ? | 1 Yes | 0 No |
Define deferred tax liability? What items come under deferred tax liability?
tds will be charged by hotel industry on what
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
WHAT IS CST
What doyou mean by assesment order? and for what purpose it will be passed?
what Is the ITc Claimed. how to utilized the ITC.
When will capital gain araises?
can we clarify any questions/doubts raised by other persons
material sale seller to buyer, seller give to material to buyer against Form H, so what benefit to seller to submit Form H for vat purpose.
if Advance Tax is diposited by u Rs.200000/- TDS Deposited Rs.100000/- Assesment tax raised by It depart ment Rs.350000/- What will be the Journal entries?
What is RG1 Register, why we make this register and which items shown in this register,
Why service tax payable is not considered while calculating Wct Tds.
Audit 
