Interested to Buy Any Domain ? << Click Here >> for more details...
i am working in pvt company as accountant. but i have one
doubt in case of tds deduction. becouse we have paid
Rs.25000/- to Just Dail Group account as a Advertisement
Expences. I know Rules of Tds deduction Rule no: 194C any
payment to contract (advertisement contract) must want to
deduct tds (1.133%)if u paid advertisement expences more
than Rs.20000/- (one time). but my doubt is this. how much
our assessment value in this creditor. up to 20000 don't
want to pay tds. r we only assessed value Rs.5000 (25000-
20000), ie Rs.56.65 or whole amount (25000)ie Rs.283.25.
anybody can help me
- 13 Answers
- 17500 Views
- I also Faced
- E-Mail Answers
Answer Posted / trackyyy
You have to deduct TDS On total value Rs. 25000.00 bcoz as
per rules if u pay more than 20000.00 than TDS should be
deducted on total value. Entry shold be :
Advertisement exp Dr.
To TDS payable a/c Cr.
To Bank/Cash a/c Cr.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries
the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?
I am working in govt. sec. How to make journal entry in books for Fix Deposit
sale cycle
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
How to group the companies in tally?
What does a demo/presentation need to be effective?
Scope and nature of Accounting
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
total assets are equal to total liabilities in final accounts ?why?
What we have to post entry for payroll processing ? (Indian payroll)
on the basis accounting,acounting is divided in to how many classes and what are they?
Explain how you can adjust entries into account?
How did you chose your university?
