Interested to Buy Any Domain ? << Click Here >> for more details...
A ca charge a bill on his client of rupees 100000 and charge service tax @ 12.36%, party make payment after dedicate tds
@10% what enters be made in the books of CA and party.
- 5 Answers
- 7411 Views
- Genpact, Sams, I also Faced
- E-Mail Answers
Answer Posted / deepak deshpande
BOOKS OF Z PARTY
PROFESSIONAL CHARGES A/C DR 1, 12,360
TDS PAYABLE A/C CR 11,236
CA FIRM A/C CR 1,01,124
BEING SERVICE RENDERD BY CA FIRM
CA FIRM A/C DR 1,01,124
BANK A/C CR 1,01,124
BEING AMOUNT PAID TO CA FIRM ON SERVICES RENDERD
TDS PAYABLE A/C DR 11,236
BANK A/C CR 11,236
BEING TDS DEDUCTED PAID TO GOV.
BOOKS OF CA
Z A/C DR 1, 12,360
PROFESSIONAL FEES RECEIVABLE A/C CR 1, 12,360
BEING AMOUNT DUE ON SERVICES PROVIDED
BANK A/C DR 1,01,124
PARTY Z A/C CR 101,124
BEING PAYMENT RECEIVED SUBJECT TO TDS
TDS RECEIVABLE A/C DR 11,236
PARTY Z A/C CR 11,236
BEING TDS CERTIFICATE DUE FROM Z
| Is This Answer Correct ? | 5 Yes | 8 No |
Post New Answer View All Answers
What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
What is the procedure to take modvat and its form number
Hellow this is ravindra wanted to know about excise duty rates pls suggest
WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?
sub hadding no. scrap & Wastage in corrugated box
what is CST % applicable on garments sales to other state?
WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
DEFINATION OF CONTRACT ACT IN PARTNER SHIP FIRM AND COMPANY?
what is the prime cost? and factory cost how to calculate it?
What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.
how much TDS required in telecommunication services ? Any types of Telecommunication, provider or services receiver
Excise duty applicable for Handmade Production?
is there any necessity to file TDS to purchase a thing even ater paying vat
how we creat e-vat return in tally for punjab
