Answer Posted / p. navaneetha krishnan

Hi,

1) If Interest receivable is inclusive of TDS (If u have /
confirm the TDS amount on this)then as follows.

Interest Receivable A/c. Dr. 12,750/-
TDS Receivable on Interest A/c. Dr. 2,250/-

Other Income (Interest Earned) - Rs.15,000/-

(Being Provision Entry for Interest Receivable)

2) If u don't have break-up for TDS on Interst Receivable
then,

Interest Receivable A/c. Dr. 15,000/-

Other Income (Interest Earned) - Rs.15,000/-

what about WCT (Work Contract Tax)

2111

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What do you understand by transfer income?

1091

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AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT

2225

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What is process CST & Custom Duty Handle in tally Erp 9, with example.

1818

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if any civil contractor provide service to education institute, then there is an exemption for service tax liability, and he should be quoted it on its invoice, can u provide me sample invoice formats

2256

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A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?

2237

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professional tax rate

2190

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What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.

2977

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if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.

3038

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what is the ct-1 sale? if ct-1 bond is misplaced what is the procedure for applying for new bond.

2040

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I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka

2321

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is there any necessity to file TDS to purchase a thing even ater paying vat

2130

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how to calculate service tax on tds

2393

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i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

2217

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i dont no what is tcs and tds what the use and how to calculate Tcs&Tds

2155

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