I Have Deducted the tds against advance payment and how to
adjust in the bill
- 4 Answers
- 26792 Views
- I also Faced
- E-Mail Answers
Answer Posted / amit kumar tiwari
Advance Entry. Paid 10000/-
Vendor A/C Dr. 10000
To,Cash Cr. 9800
To,TDS on Contract 2% Cr. 200
(Being amount paid as Advance)
When bill receive Rs.25000/-
Printing & Stationery Dr. 25000
To Vendor Cr. 24700
To TDS on Contract Cr. 300
(Bill No……….. Tds already paid Rs.200.00
final entry.
Vendor Dr. 14700
to Cash 14700
(Being Amount paid against bill no…………..)
| Is This Answer Correct ? | 36 Yes | 12 No |
Post New Answer View All Answers
cst rates
anybody pls tell me about the service tax
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?
what is the vat rate of Saw dust powder in maharashtra
which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes
1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
What is the maximum amount to issue Form C to a dealer for the purchase of 40 crores in several bills in a quater?
SELLER A : has a w/house in chennai and bangalore both and the BUYER B is based in chennai. SELLER A carries stock in both the locations. Can BUYER B buy who is based in Chennai request purchase from Bangalore through C-form .. and if so will there be any obligation on the Seller A
Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.
What are the deductions under salary head? Name the items.
i have paid P-TAX ( employee ) in EC code & P- TAX ( COMPANY)paid in RC code.how can i solve this poblem?
Our business is an international call center. we are selling antivirus which is buying rs 200 & selling Rs 4500.what will be the purchase & sales.& what will be taxation processor to calculate tax
what is the circle of tds and its rate chart
