Suppose a person is paid @ Rs.1 Lac Per Month for 2 months
by the Owner/Director prior to the Company's incorporation
for Managerial work and that person continues to work with
the Company . Is the Director liable to deduct TDS on his
Employee's Salary before incorporation also? And when the
Company is incorporated after 2 months, Is it possible to
show this expenses as Pre-incorporation Expenses?.What would
be treatment for Salary Paid and TDS Deducted when the
Company is incorporated? How will we give TDS Certificate to
the Employee at the end of the Financial Year?



Suppose a person is paid @ Rs.1 Lac Per Month for 2 months by the Owner/Director prior to the Comp..

Answer / prathamesh

Salary a/c dr.
Tds a/c dr.
To bank a/c

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Accounting General Interview Questions

what use of form d and form h

1 Answers   Genpact,


In Accounting Terms 1. what is meant by debit Rs.1000/- to Mr.Ramu account ?. 2. What is meant by credit Rs.1000/- to Mr.Ramu account ?. 3. What is meant by Ramu account was Debited or Credited ?. 4. Generally in accounting terms what is meant by Debit or Credit His / Her account ?.

2 Answers  


what is the Differed Tax Liability & How it is calculate ?

0 Answers   Biocon, Shantha Biotech, Titan Biotech,


how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

0 Answers   Essar,


hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent

0 Answers  






What do u mean by press releases

0 Answers   Capital IQ,


what is the difference in direct expenses and indirect expenses?

9 Answers  


What is the procedure of submit bank guarantees and cancellation.

0 Answers   Pak Suzuki,


WHAT IS MONTH END CLOSING? AND WHAT YOU DO IN MONTH END CLOSSING PROCESS?

3 Answers   Thomson Reuters,


what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

0 Answers   IBM,


What are the three major parts of accounting

1 Answers   ACS,


Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help

0 Answers   SK Accountant,


Categories