What will be journal entry for TDS deducated from an
freight payment of RS. 15000.00 , applicable TDS rate is
2.266%
Answers were Sorted based on User's Feedback
Answer / vijayamaathavan
FREIGHT A/C DR 15000/-
TO TDS PAYABLE A/C 340
TO PARTY A/C 14660
(BEING AMOUNT OF FREIGHT CHARGE)
TDS PAYBLE DR 340
TO BANK/CASH 340
(BEING TDS DEPOSIT )
PARTY A/C 14660
TO CASH/BANK 14660
(BEING PAYMENT AGST BILL NO----)
Is This Answer Correct ? | 15 Yes | 2 No |
Answer / arun kumar
FREIGHT A/C DR 15000/-
TO PARTY A/C 15000/-
(Being Freight Charged)
Party A/c Dr 340/-
To TDS Payble A/c 340/-
(Being TDS Deducted @2.266%)
TDS Payble A/c Dr 340/-
To Bank/Cash A/c 340/-
(Being TDS Deposited)
Party A/c Dr 14660
To Bank/Cash A/c 14660
(Being Amount Paid)
Is This Answer Correct ? | 22 Yes | 10 No |
Answer / pradeep gupta
FREIGHT A/C DR 150000
TO PARTY A/C 14660
TO TDS PAYABLE A/C 340
(AMOUNT OF FREIGHT CHARGES )
TDS PAYABLE A/C DR 340
TO BANK/CASH A/C CR 340
(BEING AMT OF TDS DEPOSIT)
PARTY A/C DR 14660
TO BANK / CASH 14660
(BEING AMT PAID TO PARTY AGAINST BILL NO....)
Is This Answer Correct ? | 12 Yes | 1 No |
Answer / gaurav dixit
FREIGHT A/C DR 15000
TO BANK /CASH A/C 14660
TO TDS PAYABLE A/C 340
(AMOUNT OF FREIGHT CHARGES )
IF PARTY NAME NOT MENTION
Is This Answer Correct ? | 10 Yes | 1 No |
Answer / mohan chand joshi
frieght a/c Dr 15000 To Tds payable a/c 340 To party a/c 14660 (amount of frieght charge)
Is This Answer Correct ? | 2 Yes | 1 No |
How to reconcile a Vendor who is a supplier as well as a Contractor?
is WCT TDS should deducted on gross value (basic+service tax)?
On which amount is T.D.S Applicable on account of Payement to Adverting contractors for F.Y.2010-11
As I am an Individual person doing jobwork with a company name x. After doing jobwork I am going to sale the shoes in local market. Please tell what is the tax % I have to take. Whether 4% or 12.5%.
WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT
If any one provide TDS and Service tax Rates from 2003 to 2010
wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.
What is TCS? On Which it is Computed.
Who is to paid income tax and what is the procedure of filling income tax return?
If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?
will the Company liable to pay Service tax if the turnover exceeds 10 lakh and in the business of purchase and sale of products?
how much deduct TDS company or non company