if i get salary of Rs.12000/- p.m. then as per statutory compliance Is there Tds deduction to be made?????
Answer / panchasheela
No, because person is not applicable for TDS
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We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
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