Question { 14206 }

i am working in pvt company as accountant. but i have one
doubt in case of tds deduction. becouse we have paid
Rs.25000/- to Just Dail Group account as a Advertisement
Expences. I know Rules of Tds deduction Rule no: 194C any
payment to contract (advertisement contract) must want to
deduct tds (1.133%)if u paid advertisement expences more
than Rs.20000/- (one time). but my doubt is this. how much
our assessment value in this creditor. up to 20000 don't
want to pay tds. r we only assessed value Rs.5000 (25000-
20000), ie Rs.56.65 or whole amount (25000)ie Rs.283.25.
anybody can help me

Answer

you will pay tds on full amt

Question { 13011 }

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A
CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PASS THIS JOURNAL
ENTERY

Answer

windows software is assets of the company

journal entry

windows software dr 35000/-
microsoft cr 35000/-

payment entry

microsoft dr 35000/-
bank axis cr 35000/-



if above entry is wrong so plz give me correct entry

Question { 25573 }

Who can issue form H, & why it is required?

Answer

actually when a company purchase good from outside state
than issue h form its show to under cst

Question { 3944 }

PLEASE TELL IF I PAID BY CHEK ON 31 MARCH 2009 AND CLEAR IN
THE BANK ON 5.4.2010.PLEASE EXPLAIN IT WHAT EFECT ON F.Y
AND A.Y.?

Answer

bank should be effect credit

and a.y. should be bank reconsideration