Interested to Buy Any Domain ? << Click Here >> for more details...
i am working in pvt company as accountant. but i have one
doubt in case of tds deduction. becouse we have paid
Rs.25000/- to Just Dail Group account as a Advertisement
Expences. I know Rules of Tds deduction Rule no: 194C any
payment to contract (advertisement contract) must want to
deduct tds (1.133%)if u paid advertisement expences more
than Rs.20000/- (one time). but my doubt is this. how much
our assessment value in this creditor. up to 20000 don't
want to pay tds. r we only assessed value Rs.5000 (25000-
20000), ie Rs.56.65 or whole amount (25000)ie Rs.283.25.
anybody can help me
- 13 Answers
- 16570 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
You have to deduct TDS On total value Rs. 25000.00 bcoz as
per rules if u pay more than 20000.00 than TDS should be
deducted on total value. Entry shold be :
Advertisement exp Dr.
To TDS payable a/c Cr.
To Bank/Cash a/c Cr.
| Is This Answer Correct ? | 22 Yes | 1 No |
Answer / ashwani
I am totly agree with Anand, you should deducate the TDS on
total Rs.25,000/-, however it is advisable you should
deducate the TDS wheather amount is exceeding 20K or not.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / saiyad aejaj
in this case your assessible value is rs 25000 so you will
deduct tds on this amount
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pradeep
Freinds you should deduct TDS on total amount of Bill means
on Rs. 25000. @ of only 1%(250)
and should pass entry.
Add Exp. A/c Dr. 25000
To TDS Payable A/c 250
To Contractor A/c 19750
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / sankar bag
5000-56.65-226.60=4716.75
Total Pay to Creditors- 24716.75 & TDS Amt. 283.25
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / kiran
JOIN IN IFAM, Banglore there they are giving project based
training for 45 days. After training they are giving job.
Call them on9591777526
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / dileep singh
in this case your assessible value is rs 25000 so you will
deduct tds on this amount TDS AMOUNT IS RS 250/- ONLY IN
2010-11 NO CESS WILL DEDUCT
| Is This Answer Correct ? | 0 Yes | 0 No |
Dear Sir, Tomorrow i am going for interview at TCS-Mumbai.Please let me know what kind of question are going to be asked.
defference between capital assets and fixed assets
CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000 THE CHEQUE DISSONORED WHAT ENTERY THIS TRANSACTION
what is account opening and account closing??
10 Answers Royal Bank Of Scotland,
what is the meaning of deferred revenue ? give me some examples
what is the meaning of ratio? Types of ratios?
REPORATE
What will be the journal entry for good lost by fire. How many entries will be passed in the books of account for the same.
29 Answers IBM, MTM,
When the closing stock will be reflected in trial balance & at what value
What are the differences between accounting and auditing?
why we multiply no. of purchasing year with average profit
hi i m an mba finance fresher. i need an oppurtunity to grew up my life ambitions. please tell me what are the sources to fulfill it. i got distinction in mba finance in the andhra university campus..please suggest me or show me a way to get an oppurtunity in your companies
Audit 
