Answer / vaibhav sharma

TCS is tax collection at sours
TDS is tax deduction at sours.

Where show the sales return of exciseable goods?

2 Answers   AG Industries,

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Till the Discounted bill is paid by acceptor it remains. 1) A contigent liabilities for the acceptor. 2) A contigent Liabilities for the Drawer. 3) A contigent Liabilities for the bank 4) A contigent Liabilites for drawer

2 Answers  

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Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P

0 Answers  

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how to record journal entry for tds on salary on quarterly basis?

28 Answers   Bharat Trading, BTA, Duravit, HDFC, Metatron, Reliance, TCS,

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what is tds concept

2 Answers  

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Give details about TDS and its applicapable rates of latest year.

1 Answers   CA, Ratnakar Bank RBL,

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I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 - 0 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

1 Answers  

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Pls advise if a client pays us - Rs. 3,43,00 after deducting 2% TDS 7000 on 3,50,000/- and our Invoice is Rs. 3,30,000/- then how we pas entry of the difference amount Rs. 20,000/-

1 Answers  

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How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.

0 Answers  

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How to calculate entry tax on kraft papers format in excel under Assam Entry tax rules?

0 Answers  

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After assessment of books ITO demanded to pay Rs.5000 /- what will be the journal entry

1 Answers  

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Please give Leave encashment formula. Profession Tax & Pf or any other Dedecution deduct on leave encashment or not.

3 Answers  

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