how to record journal entry for tds on salary on quarterly
basis?
Answer Posted / madhulika
1) FOR DUE...
SALARY A/C.....DR.
TO TDS ON SALARY A/C
TO OUTSTANDING SALARY A/C
2) FOR PAYMENT...
OUTSTANDING SALARY A/C...DR.
TO BANK OR CASH A/C
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.
i want to know about Form c,D,E, E-1,E-2,F,G,H,I.WHEN IS LIABILITIES OF ISSUE OF ALL RELATED FORM ON SELLER AND BUYER.PLZ SEND THE ANSWER OF THIS QUESTION ON MY E-MAIL
we have received TDS Certificate (Form No 16A) from one company, we have checked online credited but they not credited to us (online credit)..how can i refund that amount. pls send us letter format
If we taken TIN No.for sale in intra & interstate , CST No.also required to take? ?
if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?
do we have tds in nigeria
Define deferred tax liability?
We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?
what is excise duty and how can we mantain its account in outgoing and incoming of bill status.
What is the difference between the excise duty and the sales tax?
What is Excise duty? What is Edu Cess & Sec Edu Cess? Why and when it is applicable? What is Excise Claiming?
Differentiate between financial year, assessment year and previous year?
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
Please guide us about Forms and where is it will use i.e.Form C, Form h, Form F. if other form has please guide us about of that Forms?
I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.