Write entry for interest receivable from bank Rs. 15000 TDS
2250.
Answer Posted / sakthivelan
Bank A/c Dr. 13500
Adv. Income Tax A/c Dr. 1500
To Interest (Income) A/c 15000
Note:
1. Percentage of TDS on bank interest is 10%
2. TDS deducted on our receipt can be a/cted under Advance
Income Tax A/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?
how form h fill up?
which is the first liability for pay Service Tax to GOvt
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
How do you plan to achieve these goals?
when form h, form d, form 38, form h issu , what is the process of get it , who is the liable to get it , any % tax apply against issu this form, please give me answer on my e.mail sonidilip87@yahoo.com
what is fillup form when company issue c form
The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
Who is an assessee?
If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?
What do you mean by fair rent?
What is income tax? How is it calculated?
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
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
what is CST % applicable on garments sales to other state?