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/-
- 1 Answers
- 2929 Views
- I also Faced
- E-Mail Answers
Answer / 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 |
WHAT IS MEANT BY CST? DO THE SUPPLIER CLAIM CST 2% FROM THE PURCHASER? WHAT ARE ALL THE RULES TO BE FOLLOW WHILE THE BUYER PURCHASE A 'C'FORM FROM THE CTO?
A charted accountant has submitted a bill towards his professinal fees of Rs.330900.00 which includes service tax of Rs.30000, Edu cess Rs.600.00 and shec of Rs.300.00. Please suggest me how much TDS we will deduct from this bill.
what is tax rate in haryan with surchage agst D1 form , C form and full rate of tax in haryana
Do companies pay exactly same amt of P.F (as employer's Contribution )as deducted from employee's salary Eg. employee's cont. 5000/- employer's cont. 5000/- is it
what is modvat and cenvat
My firm issues a cheque for Rs 28000/- today towards Advocate fees to Adv. Mr X. After three months the same Adv. Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax part u/s 194J of the I.T.Act? Do I have to pay TDS on the first paid Rs 28000/- or ignore, or while paying him the 2nd cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=. Or on the other hand also pay Interest on TDS on Rs 28000/= for delaying the payment? Trust the issue is crystal clear?
hi .... I wanted to know the ways and means where we can save the withholding tax.
WHAT IS THE RATE APPLICABLE WHEN INTER STATE PURCHASE FOR SAMPLE SALE? C FORM ISSUE OR NOT IN PURCHASE TRANSACTION?
Which goods applicable for VAT @ 14.5 & which goods applicable for VAT @ 5.5% Kindly send us the answer below mail ID?
what is TCS? and why it is collect by Government?
Is Govt staff also paying taxes in India
pls provide Latest Slab of Profession Tax of year 2008-09
Audit 
