What is the accounting entry to be posted for TDS if the
assess is Firm (or) Company (or) Proprietorship (or) Individual?
eg: I (CDE & Co) paid Rs. 1,00,000/- through ICICI Bank
after deducting 10% of the amount (Rs. 10,000/-) as TDS (Tax
Deducted as Source) to “ABC & Co” (What entry should i pass
in "CDE & Co" and "ABC & Co")
- 1 Answers
- 3707 Views
- I also Faced
- E-Mail Answers
Answer Posted / bharat bhushan
ABC & Co A/C Dr 1,00,000
To Icici Bank Cr 90000
To Tds Cr 10000
Bank A/c Dr 90000
TdS Dr 10000
To CDE & cO cR 1,00,000
| Is This Answer Correct ? | 13 Yes | 0 No |
Post New Answer View All Answers
where is applicable WCT & what is limitation for applicable it on company.
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
Provision for Service tax, Income tax and Sales tax
how to calculate vat, st, cst, excise duty, customs duty, tds.
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.
I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.
If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?
procedure to get Raw Material free of excise duty under Central Excise Act,
What do you mean by vat, vat registration total cost hydra bad in which places
I paid service tax double time due to web site problem for the year 2009-10, is there any chance to claim that amount if yes please tell me the process. thanking you.
Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
WHAT IS THE PENALTY CHARGE BY THE SALES TAX DEPARTMENT IF WE ARE ENABLE TO FILE SALES TAX RETURN AFTER ONE MONTH FROM END OF THE IVQ-2012-13.
How to calculate the TDS
Cenvat credit transaction journal entries. And what does the term reversal of credit means
