One bill of Rs.200000/- for Machinery hire issued by
party, but total bill is reversed by me to party. In this
matter what is the TDS Deduction entry I can made or not?

Answer Posted / prakash

TDS Deducted on Machinery hire @ 10%

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

If any body have knowledge for vacate position for the post of Accountant kindly mail me verma_moti@yahoo.co.in (handling Accounting upto finalisation,Sales tax/vat,TDS,Service Tax,Excise tax and MIS.

1417


procedure to get Raw Material free of excise duty under Central Excise Act,

1387


what do u meant by investment banking

1847


Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?

1569


how to calculate tax for the income earners

1634






If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.

1539


What is the WCT percentage under which the amount is being deducted in Punjab. Under what Notification and dated when???????????. Serious Senor I need the answer other wise I would not have posed this question; Please send the answer to the mail address.

2228


how to pass service tax reverse charge entry pass in books

3031


what is the circle of tds and its rate chart

4847


Please some one tell me what is the VAT or WCT rate for works contract at Tripura

2057


what is the prime cost? and factory cost how to calculate it?

1626


ON WOODEN FURNITURE EXCISE IS APPLICABLE OR NOT ?

1766


Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.

1579


when wct@8.75% is charged from the vendor. How much TDS has to be deducted against it??

2265


we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us. 

2098