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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
How to calculate TDS on advertisement?Any one show me one 
example?.
 Question Submitted By :: Gajanan Raykar
I also faced this Question!!     Rank Answer Posted By  
 
  Re: How to calculate TDS on advertisement?Any one show me one example?.
Answer
# 1
Here you go!!!

Dr Advertisement Charges 10103
CR TDS Payable                103   
CR XXX ( Party Name           10000

( This should be made in Journal Entry. And the Narration 
is Being the 1.03 % TDS Deducted for Rs.10000/-.)
in this Rs.10000/-. to be paid to Party & Rs.103/-. to be 
paid to Income Tax
 
Is This Answer Correct ?    6 Yes 4 No
Rajesh
 
  Re: How to calculate TDS on advertisement?Any one show me one example?.
Answer
# 2
PARTY A/C ..........DR  100000
   TO ICICC BANK A/C               99000
   TO TDS PAYABLE A/C               1000


IN THIS MATTER RS-1000/ PAY TO INCOME TAX DEPTT.   AND 99000
PAY TO PARTY.
 
Is This Answer Correct ?    3 Yes 1 No
Raj Kamal
 
 
 
  Re: How to calculate TDS on advertisement?Any one show me one example?.
Answer
# 3
Advt exps   Rs.25000=00
TO Party a/c          Rs.25000=00

Party A/c    Rs283=00
To TDS Payble a/c     Rs.283=00
(being TDS ded.from
advt bill @1.166/-)
 
Is This Answer Correct ?    2 Yes 0 No
Vijay
 

 
 
 
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