Interested to Buy Any Domain ? << Click Here >> for more details...
What is the general entry for TDS certificate received from
the debtor of the company?
- 3 Answers
- 11001 Views
- Naveen NDT, Wipro, I also Faced
- E-Mail Answers
Answer Posted / subhash a.
Dear friend, here situation is not the amount received. It
is only the TDS certificate received from party.
There are two solutions for this problem.
1. If at the time of receipt of amount from party the entry
passed in books as below
Cash /Bank A/c Dr. xxx
TDS receivable A/c Dr. xx
To Party's xxx
Then no need to make a further entry
2. If at the time of receipt of amount from party the entry
passed in books as below
Cash /Bank A/c Dr. xxx
To Party's xxx
Then we need to make a further entry as
TDS receivable A/c Dr. xx
To Party's xx
| Is This Answer Correct ? | 18 Yes | 2 No |
Post New Answer View All Answers
what is the difference between vat return and return for remittance on value added tax.
In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.
what is excise return, what is form requirement and what is procedure for excise return?
what is the Difference between Compound Sales and Deemed Sales?
Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?
How should the personal assets of a salaried employee be shown in his books of accounts ?
How tax deduction at source is deducted
service tax
What is excise & service tax? What is the difference?
Hellow this is ravindra wanted to know about excise duty rates pls suggest
Who advance tax is the asset for company? What are the accounting entries of advance income tax
What is the difference between the excise duty and the sales tax?
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
what is fillup form when company issue c form
In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.
