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%
- 9 Answers
- 31711 Views
- I also Faced
- E-Mail Answers
Answer Posted / mn
total contract price Rs.20000
bank a/c - Dr
to mobilization adv 30% - 6000
to tds - 449
to contract tds - 400
to retenion money - 2000
to contract payable - 11151
| Is This Answer Correct ? | 7 Yes | 12 No |
Post New Answer View All Answers
IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
What items come under deferred tax liability?
What are the deductions under salary head? Name the items.
If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?
How to adjustment of CST ? and also tell me about C-Form affairs ?
Define Amortization & Impairment?
I wanted to know about the taxes in haryana on Software Licenses ( Paper licenses). what is the % of service tax and VAT. and the both the taxes is charged on Base Amount or service tax is charged first and then VAT is calulated on the amount with Service TAX?
How many heads are there under total income? Name them.
What are allowable and dis-allowable expenditure?
How to calculate rental exemption if HRA is not given seperately and what will be the maximum allowability and under which Section of Income tax
We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.
How should the personal assets of a salaried employee be shown in his books of accounts ?
What are the procedures for remitting WCT?
Please tell me the process of generation of TDS in Tally ERP-9 with an Example
