Where does the entry of TDS payable, sale tax payable,
service tax payable will appear in Balance sheet or profit
or loss a/c?

Answer Posted / shailesh

These all the entries fallas under the head of Duties &
Taxes ( current Liabilities ) not to be shown in Profit &
loss Account

Is This Answer Correct ?    12 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to adjustent the accounts part of the company and how to calculate vat and gst .kindly answer me sir. my e-mail id is:- dipak92.dip@gmail.com

983


I want to do correspondence course related for taxation, where I can learn income tax, service tax, sales tax etc. Any one can suggest from which university can I do and name of the course also.

1874


WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify

1327


as we are having are unit in a area where excise duty is not applicable and on my purchase i am paying excise duty can i take refund of the duty paid by me and what was is procedure? plz. replay to my on my id ngaggarwal@yahoo.com

1542


in case of vehicle hired for staff pick up & drop for 1 month or 1 year, TDS is applicable ? if yes then which code is mention in challan & which rate is applicable ? in case of vehicle orner is personal or company which rate applicatble ?

1554






Our company refundable ST amount but we dont want to refund amt but i want to adjust that refund amount anywhere

1807


what do u meant by investment banking

1850


How to reconcile a Vendor who is a supplier as well as a Contractor?

1287


How tax deduction at source is deducted

1512


DEFINATION OF LABOUR ACT?

1882


CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT

1626


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

1538


Hai iam a VAT Registered dealer am a manufacturer and am going to sell my products to unregistered dealers i can pay d 4% vat.. how can i make my bill format for this sgrc.gy@gmail.com. anybdy kno means pls mail me.

1601


I am working as account in one of the logistics company for one year. I would like to know about service tax and how can I post necessary entries

2141


should we can take modvat benefit any time or they have some limit time to take input benefit claim?

2002