What is the accounting entry to be posted for TDS if the assess is Firm (or) Company (or) Proprietorship (or) Individual? eg: I (CDE & Co) paid Rs. 1,00,000/- through ICICI Bank after deducting 10% of the amount (Rs. 10,000/-) as TDS (Tax Deducted as Source) to “ABC & Co” (What entry should i pass in "CDE & Co" and "ABC & Co")

1 Answers  

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During the financial year if i had made CST purchase in may 2011 Rs.200000/-, in july 2011 Rs.150000/-, in august 2011 Rs.100000/- so for the above transaction i have to obtain three C forms for each transactions now let me clear that by providing relevent details to the Tax department when they will provide me the c forms for the above transactions?

4 Answers   Accenture, IBM,

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Why Tds is not deducted on service tax amount of rent bill(let out for business purpose).

2 Answers   Mphasis, VNS Accessories,

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What are the TDS Rates for the financial year 2008-09?

2 Answers  

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We have sold goods to customer against H-Form in each quarter of the year. But customer is issuing single H-Form for whole year purchase. Should we accept it or not?

3 Answers  

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Can TDS be deducted without the minimum exemption. for rent if annual rent is 1,50,000 then calculate TDS.

4 Answers  

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How to reconcile a Vendor who is a supplier as well as a Contractor?

0 Answers   Private,

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what is tax rate in haryan with surchage agst D1 form , C form and full rate of tax in haryana

6 Answers  

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Party had Invoice forward Material & Service combine Bill raise & Service tax service amount on 10.30% raise so that it is service tax is right claim yes Or No.i have confused this invoice, i have TDS deduction and how persentage Deducted Pl reply

2 Answers   Adani,

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WCT charged on firm or on proprietor?

0 Answers  

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What is business?

8 Answers   TCS,

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what is the actual use of pure agent in tally erp 9 and why we use in tally .and what is the role of pure agent

0 Answers   Chartered Accountant,

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