Pls advise if a client pays us - Rs. 3,43,00 after deducting 2% TDS 7000 on 3,50,000/- and our Invoice is Rs. 3,30,000/- then how we pas entry of the difference amount Rs. 20,000/-
Answer Posted / mlv
recipt Entry:-
bank a/c-dr- 343000/-
TDS receivable dr-7000/-
to party A/c-3,30,000/-
To advance received from party-20000/-
| Is This Answer Correct ? | 9 Yes | 3 No |
Post New Answer View All Answers
if any civil contractor provide service to education institute, then there is an exemption for service tax liability, and he should be quoted it on its invoice, can u provide me sample invoice formats
While depositing cash at any bank above then Rs 50K, we need to provide PAN Card or we have to fill form 60, but tell me why a person needs to sign FORM 60 if he is paying installments of >50K of Loan availed by him/her earlier? As if he is repaying Loan, not depositing in his A/c?
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income
Define the term person?
Where can i get IFAM Banglore details, i came to know that there they are giving Accounts & Taxation Training on Real Projects, and they are providing Job after training. I got one number that is not reachable i.e 9591777526. Please give me if any one knows this Institute details.
Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states
Is Work Contract Tax expenses for a company?
What items come under deferred tax liability?
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
ON WOODEN FURNITURE EXCISE IS APPLICABLE OR NOT ?
what is capital account? how to manage it? what is the process?
certificate of export is for which items?
what is procedure to get c form? what is procees to get vat /tin no
What are the types of provident funds?
A individual advocate recievs legal fees. is he liable to pay service tax @ 12.36% on it?