what is the journal entry if bank deducted tds on commision
Answers were Sorted based on User's Feedback
Answer / rajat dey
Receipt Entry
--------------
Commision A/C Cr. Rs........
(Under income site for P/L)
TDS Receivable A/c Dr. Rs.........
(Under Loan & Advacne(Asset)site for B/L)
Bank A/c Dr. Rs.........
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / shatrudhan sinhg
Dr. TDS Receivable
Cr Bank TDS received
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rajat dey
Receipt Entry
-------------
Commision Cr. Rs...........
(Under Incoeme in P/L)
TDS Receivable Dr. Rs.........
(Under Loan & Advance(Asset) in B/L)
Bank Dr. Rs........
| Is This Answer Correct ? | 0 Yes | 1 No |
Sir please confirm job work sale for clothes shat d1 yes & no
Pls give a details knowledge of Income Tax (including TDS, TCS)duty paid online form no., due date, return form no. and due date, limit of turnover for auditing, procedure of auditing and income tax depreciation, etc.
What is VAT TDS? when it is applied & at what rate?
if bank deduct the tds, it should show in p&l or balance sheet?
sir, i have charged labour charges with material bill to x party for Rs.211000/- plz explain me how much TDS amount will deducte by party..
Service tax applicable or not for Govt Guest House contract work.
The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
What is the tds (194C) deposit date for the payment made to a contractor on 31 March.
Knowledge of filing of various returns under companies act
we working a partnership firm, so how fill up tds form in company decteed or non company dectee
What is Tax refund?
1 Answers Deloitte, Ernst Young, Freedom Chemicals, Wipro,
how we issue the road permit to seller for receiving the rearing material