How to calculate TDS on advertisement?Any one show me one
example?.
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Answer / rajesh
Here you go!!!
Dr Advertisement Charges 10103
CR TDS Payable 103
CR XXX ( Party Name 10000
( This should be made in Journal Entry. And the Narration
is Being the 1.03 % TDS Deducted for Rs.10000/-.)
in this Rs.10000/-. to be paid to Party & Rs.103/-. to be
paid to Income Tax
| Is This Answer Correct ? | 30 Yes | 15 No |
Answer / vijay
Advt exps Rs.25000=00
TO Party a/c Rs.25000=00
Party A/c Rs283=00
To TDS Payble a/c Rs.283=00
(being TDS ded.from
advt bill @1.166/-)
| Is This Answer Correct ? | 9 Yes | 11 No |
accounting taxation
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