What is the journal entry for tds certificate received by
the company debtor
- 6 Answers
- 14432 Views
- Enrich, I also Faced
- E-Mail Answers
Answer Posted / suny
for example
party name (service provider ) 50000
to suny (service receiver )50000
than suny will passed entry
for example this sale is my matrial for building repair
building repair & mtc 50000
to party a/c 49500
tds on contractor 500
when payment is paid by suny
party name 49500
cash / bank 49500
when payment received by party than passed entry
cash/bank 49500
tds recoverable 500
to suny - 50000
plzzzz sorry if my entry is worng- 9817802727
| Is This Answer Correct ? | 2 Yes | 7 No |
Post New Answer View All Answers
What qualification require for become a tax consultant ? what the future in this..???
What are the types of provident funds?
calculation of Tds on subcontractor
Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
What is FBT & Service Tax Remittances?
Sir My, Que. We recived hotel housing & bording charges so i have dedu. tds when section
At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.
what is the procedure for Delhi WCT payment , we have a registered office at mumbai and we have a branch at delhi for that renovation we have deducted WCT ,we have ur VAT and CST no for delhi branch do we need have additional registration for this payment
professional tax rate
Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.
Hello Sir, Please send the knowing calculation of attrition rate?
How much is the VAT in UAE
what is the objective of business taxation in private company?
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
