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
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
IF XXX GOT AN ORDER FROM APTRANSCO AS WORKS CONTRACT NOW XXX PLACED AN ORDER TO YYY THAT TO SUPPLY 50% OF THE MATERIAL IN ORDER. NOW WHAT IS THE SALES TAX RATE HAVE TO CHARGE BY YYY TO XXX. NOW MY DOUGHT IS YYY IS NOT SUPPLING THE GOODS TO APTRANSCO, HE CANT CHARGE 4%, IF POSSIBLE PLEASE TELL ME THT HOW CAN HE .
Excise duty applicable for Handmade Production?
WHAT IS TAXATION?
what is the scope of business taxation in private company?
can i adusted our vat credit in W.C.T. payable?
when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com
I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.
IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?
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?
is a pvt ltd. comp. can give advance against salary to his director.
sub hadding no. scrap & Wastage in corrugated box
we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.
we have paid excess tds amount in 194I 27000/- for f.y.2017-18 now can we adjust the same in upcoming month 2018-19?
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.