What will be the journal entries in case of tax collevted
at source.
- 1 Answers
- 13007 Views
- I also Faced
- E-Mail Answers
TDS will be there while making payment. Likewise TCS will
be there when collection towards Royalties,Sale of Forest
Produce etc
When sale of Forest produce made or Royalties collected.
Tax will be collected along with the main Transaction. So
the entry will be
Customer/Client a/c Dr
To Sale of Forst produce/Royalty
To TCS a/c
(Being TCS made along with the main transaction)
| Is This Answer Correct ? | 20 Yes | 2 No |
which subsidiary book is source of these:debit note,credit slip,
audit under section and penalty under saction scurtiny under saction
What are the functions of manger -accounts and manager-finance? Explain in detail
define accounting?
What is the difference between accounts & Finance?
1 Answers Muthoot Group, Weber,
Can I do ca without maths as a subject...?
what is apply SI post
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
List out some of the examples for liability accounts?
What Is Bank Reconciliation ?
WHAT IS MEANING OF PROVISION
Outstanding expenses and Provision for any expense will come under liability side...? Though it is basic question, it is to ensure the answer.
Audit 
