Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


how to make the entry....???

sumit got salary 20000 & charge 10% tds on his salary..

Answers were Sorted based on User's Feedback



how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary....

Answer / roshan rai

1. salary a/c dr. 20000
To Sumit 18000
To Tds@10% 2000
( being due salary to sumit)

2. sumit a/c dr. 18000
To Bank/cash 18000

(being salry paid to sumit)

Is This Answer Correct ?    15 Yes 0 No

how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary....

Answer / pravin choudhary

Salary a/c Dr. 20,000.00
To Bank/Cash a/c Cr. 18,000.00
To Tax Deducted at Source a/c Cr. 2,000.00
(BEING SALARY PAID TO SUMIT)



Tax deducted at source a/c. Dr. 2,000.00
To Cash/Bank a/c. Cr. 2,000.00
(BEING TDS DEPOSITED INTO THE BANK.)

Is This Answer Correct ?    6 Yes 1 No

how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary....

Answer / akshay kumar

salary ac dr 20000
to sumit ac cr 18000
to tds @ 10% cr 2000

sumit ac dr 18000
to cash/bank ac cr 18000

Is This Answer Correct ?    4 Yes 0 No

how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary....

Answer / aniljha4u

Journal Entry Book in Company A/C

Date Particulars L.F Dr Cr
31-Mar-12 Salary 22222
TDS Payable 2222
Bank 20000
Being got salary 20000 & charge 10% tds on his
salary )

Is This Answer Correct ?    5 Yes 8 No

Post New Answer

More Taxation Interview Questions

if "a" is a party from gurgaon purchase goods from "b" a party of bhiwadi. "a" purchase goods at cst @2% against "c" form of rs(taxable amt) 10000/- cst @2% rs 200/- then the total bill amount is 10200/-. what is the amount of "C" form made by "a"?

7 Answers   Matrix, Retail,


You are trader, and you are buying the exciseable goods and selling the same to locally as well as intersale. what records to be maintained in terms of excise.

1 Answers   ABC,


when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com

0 Answers  


HOW TO MAKE BALANCE SHEET OF PROPRIETOR? IF THERE ARE ANY OTHER INVESTMENT OF PROPRIETOR LIKE FLAT,GOLD,SILVER THEN WHAT WILL BE THE CAPITAL OF PROPRITOR IN HIS PERSONAL BALANCE SHEET? WILL THE CAPITAL OF HIS FIRM WILL BE THE CAPITAL OF HIS PERSONAL BALANCE SHEET? FOR EXAMPLE IN HIS FIRM CAPITAL A/C IS 39LAC.BUT IN HIS OTHER INVESTENT(WHICH HAS NOT BEEN SHOWN IN HIS FIRM'S BALANCE SHEET) HE HAS FLAT OF 310000, GOLD OF RS.15LAC AND SILVER OF RS.3LAC THEN WHAT WOULD BE HIS PERSONAL BALANCE SHEET? PLS ANSWER ME.

3 Answers   Reliance, Vodafone,


What is the Difference between VAT and Sales Tax ?

2 Answers  


i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.

0 Answers  


what is vat rates in andhra pradesh

7 Answers   Astrotech, Narayana,


if a company give salary Rs- 6000 and incentive Rs- 4000 julyy month then TDS will deduct by the company from employee account or not.

2 Answers  


Should we give C form with Freight, Insurance, P&F after CST?

0 Answers  


why is service tax set off is consider while calculating wct tds

0 Answers  


one supplier/dealer of a Reputed Electric motor manufacturing company of Kolkata having shop in Dhanbad (Jharkhand)carges 10.3% E.D + Education cess + Jharjhand VAT on ordered value whether is it correct? Are dealer are supposed to charge E.D.

1 Answers  


what is the difference between sales tax and tax deducted at source in karnataka

1 Answers  


Categories