I Have Deducted the tds against advance payment and how to
adjust in the bill
Answer Posted / mohd rustam
Advance Entry. Paid 10000/-
Vendor A/C Dr. 10000
To,Cash Cr. 9800
To,TDS on Contract 2% Cr. 200
(Being amount paid as Advance)
When bill receive Rs.25000/-
Printing & Stationery Dr. 25000
To Vendor Cr. 25000
final entry will be:
Vendor Dr. 15000
to Cash 14700
to TDS On Contact 300
(Being Amount paid against bill no…………..)
| Is This Answer Correct ? | 14 Yes | 14 No |
Post New Answer View All Answers
At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
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
we have paid excess tds amount in 194I 27000/- for f.y.2017-18 now can we adjust the same in upcoming month 2018-19?
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent
is there in india the rate of work contract are same in all states if now what are the statewise rate
how to calculate and submit to the concerned authority of pf,esi,pt. explaine?
I DED TDS ON SALARY AND CONTRACTOR WHERE I DEPOSITED THIS AMOUNT WHICH PROCESS I FLOW TO FULL FILL ALL THE MANDATORY
What is CAARO?
the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.
My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.
Differentiate between financial year, assessment year and previous year?
how we creat e-vat return in tally for punjab
We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds