The Bank FD matured. The amount was Rs.500000, Interest was
Rs.25000, The TDS was 10%, What is Journal Entry for this.
Answer Posted / chandu
Bank A/c......Dr 5,22,500.00
TDS Receivable A/c 2,500.00
to F.D. A/c.......5,00,000.00
to Interest (F.D.. 25,000.00
Is This Answer Correct ? | 22 Yes | 2 No |
Post New Answer View All Answers
DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?
Dear Sir, We are running a security agency. Please suggest us Notification No.:15/2012 service Tax dated 17.03.12 which is effected from 01.07.12 Please suggest how to raise bill on our clients.
ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return
Explain the Calculation of Sales Tax?
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.
What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
can we do manual tds return file or r-tds is complusry? if we can do manual tds return file, where i have to go for return file. like we go to income tax department for Income tax return file in manula tds case.
Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9
WHAT WOULD BE THE RATE OF DEPRECIATION OF RAILWAY SIDING AT STRAIGHT LINE METHOD UNDER COMPANIES ACT?
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
what is the case assesment of sales tax and vat.What is the proof of this case assesment.why we use the challan-c...???? Plz tell me someone...???
how we can access the Tax Deduction through PAN ?.
Define the term person?
professional tax rate