Interested to Buy Any Domain ? << Click Here >> for more details...
what will be the treatment of tds deducted by clients if
the it is private company
- 1 Answers
- 5023 Views
- I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Any amount of Tax Deducted at Source on the payments
received or receivable by a company is an asset (TDS
Receivable). It needs to be adjusted to the Income Tax
payable tot eh Government like Advance Income Tax. (It's
also an Advance Tax paid, but not by the company directly,
but by it's customers in the form of TDS). For claiming TDS
the Company needs to have TDS certificate issued by the
deductors, like the copy of Advance Income Tax Challan.
Whether it needs to be submitted with the IT Dept. or not is
as per the requirement of the Income Tax Act, 1961.
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
What is meant by public accounting?
Differentiate public and private accounting?
Tell me what does the standard journal entry includes?
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
What is the use of form D in sale tax
Where do we create House banks and what is the process in sap fico
You are a B.E Student? How can u manage Banking?
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
Follow up ageing balances of Debtors & Creditors and also Inventory
Explain me what is important to effective market analysis?
what is penaultimate sale
what is the minimum & maximum amount paid by company per day
What is tally accounting?
