'A' is running a manufacturing set up. 'B' sends raw
material (after paying CST) to 'A' for manufacutre of his
specified product and 'A' keeps 'B's stock in his godown.
Can 'A' buy this material from 'B' by raising a CREDIT MEMO
and in the books regularises by passing Journal Entry
Dr.Raw material inventory and Cr. 'B's Account.
Our company deposited an amount of 20000 as FD . After the
maturity period we are not received any interest and the
bank deducted 2938 amount as TDS from our interest and added
the interest to the principle amount and renewed the FD.
then what is the journal entry for the same.
My question is.. I Received the amount from party through
1. Actual received from party $1000 @ 32.70 = 32,700
baht(service charge included )
2. Bank Charge 500 baht
3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht
4. and bank charge 500 debit on party account also.
For the First three transacion on account
bank account dr 32200
bank charge dr 500
party cr 32,500
ex. fluxation cr 200
how can treate the 4th transaction.
thanks in advance
A Service provided has provided bill amounting rs. 100000
dt. 30/04/2013 & i have paid amount with 30000 Rs. as on
24/5/2013, & 20000 paid on 7/6/2013 & rest of the amount has
been paid as on 15/6/2013 then on which amount TDS has been
deducted. may it deducted on Bill amount or payment amount?
If bill amount then at which date TDS entry should be done ?
& if on Payment date then which date. and if i want to
compute interest for late payment of TDS then Which date
should be consider for interest payment computation.
Do the needful for the same.
I wanted to know what is the difference between cash and
cheque payment in terms of tax.
If anybody have knowledge about opening for the post of
accountant(for Gurgaon/Delhi) kindly mail me
firstname.lastname@example.org. I am handling accounting sales
tax/vat,Excise,service Tax,Tds and MIS.
what data require for liability calculation under work contract tax composition scheme and regular method.
we have some central purchase bill against c form
i want c form against this bill what requirment for form
because we have not recived any c form from the cst office
please advice me what i do . thanks