Pass a entry for the Contract receipts of Rs. 20000 after
deduction of mobilization adv 30%, TDS 2.244%,Works
Contract TDS 2% and retention money @ 10%
Answer Posted / harindr sahani
Entry
cash / bank a/c Dr. 20000/-
TDS Receable a/c Dr 1515/-
Mobilization a/d. Dr 10761/-
Retention maney a/cDr. 3587/-
To Party a/c 35863/-
| Is This Answer Correct ? | 11 Yes | 13 No |
Post New Answer View All Answers
if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
What is excise & service tax? What is the difference?
what is D-1, D-2, Vat-C4,
Which form used for registration in GST?
Is Work Contract Tax expenses for a company?
How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.
how will one calculate TDS when the bill is with service tax (SAY an AMC bill ) and what treatment will be there when it is a rent bill with service tax. is there any rules in income tax as to deduct double taxation?? pls help with rules sir
What is income tax? How is it calculated?
send me all current year taxation such that rates and exemptions or on which web site i have to prefer
Differentiate between financial year, assessment year and previous year?
what to in pro
Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -
Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?
If any body have knowledge for vacate position for the post of Accountant kindly mail me verma_moti@yahoo.co.in (handling Accounting upto finalisation,Sales tax/vat,TDS,Service Tax,Excise tax and MIS.