I want to know the Taxation entries manually like(TDS,VAT,
Excise duty, Income tax, statutory payment entries)
Answer / nagaraju arepalli
First Vat returns entry
At the time of purchase
purchase A/c Dr
Input Vat A/c Dr
To Bank/Supplier A/c
At the time of sales
Bank/Customer A/c Dr
To output Vat A/c
To Sales A/c
At time of Vat return
Output Vat A/c Dr
Input Vat A/c
Bank A/c
At the time of TDS deduction from customer
TDS A/c Dr
To Customer A/c
At the time of TDS pay to incometax
Income tax A/c Dr
To TDS A/c
Is This Answer Correct ? | 0 Yes | 0 No |
wHEN SHOULD WE GET BACK TDS DEDEUCTED FROM OUR INCOME FROM THE INCOME TAX DEPT.?
we have rendered a service for the period 1st may 2016 to 31st may 2016. Quest: Can we raise the invoice with service Tax 14.5% on 1.6.2016 for may period bills? pls clarify
What is TDS_return?when it is applicable?how it is deducted?
what is the difference between tds tax code and tds tax type in sap fi
can we take input credit on interstate purchase, which is not against 'c' form. Party had charged full tax amount (cst 4%)
which items should be covered the Entry Tax by HP Govt instead of Purchased
sir, can you give me clarification briefly how to capitalized and which one capitalized
What is the difference between vat scrutiny and vat assesement,what is required document for both.
What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com
what is input rebet on sale tax?
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
What is excise & service tax? What is the difference?