Answer / sandeep

Withholding tax is a TDS (Tax deduction at source) on the
AR side Customer deducts the tax and pay's the remaining
amount for which companies receive Form 16 A and on the AP
side the company deducts the Tax and issues form 16 A in
india

Normally the Tax is deducted on service type transaction

In simple Company deducts the tax on behalf of the Govt
and Deposit the amount - its a Direct Tax

If we have received a check from customer on 02 feb.10, deposited in bank on 3rd and check cleared on 5th feb. what are the journal entries should be passed for all three days?

9 Answers   IBM,

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suppose if client wants to open all the periods up to 2016 how to do that?

4 Answers   TCS,

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What are adjustment postings and its use? Give t.codes and paths if possible?

0 Answers  

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Tell me Purchase means Procure to Pay Cycle in sap, with accounting effect

1 Answers  

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What is the architectural diagram of SAP FICO?

3 Answers   HCL,

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Is it possible to change an existing b/s gl account to the p&l type? : fi- general ledger accounting

0 Answers  

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What is the meaning of Generate Asset Classes From GL Accounts. Kindly can any one tell me what is the meaning of this in detail.

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Q.what is the diff between screen layout and account groups?

1 Answers   Tech Mahindra,

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Describe lockbox processing? : fi- accounts receivable

0 Answers  

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How data flows through mm into fi? : co-pa

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What is the transaction code of the process of Manual Banking System and the posting of Electronic Bank Statement?

1 Answers  

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in payment terms what is the use of day light?in fsg 1 feild we can not control what is that feild.pls give the ans for this 2 questions

3 Answers   Satyam,

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