Answer / Upendra Kumar Singh

If the supplier's annual turnover exceeds the taxable limit set by the Income Tax Act, they are required to deduct TDS (Tax Deducted at Source) at a rate of 1%. However, if their turnover is below the threshold, or if the payment to them is less than the specified minimum amount for TDS, they are not liable to deduct TDS.

variable cost are fixed: 1) for a period 2) per unit 3) depend upon the entity 4) for a particular process of production

2 Answers  

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What is Deferred Income Tax and how to calculate and enter in the tally.

1 Answers   Crossdomain, FactSet Systems,

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When we received payment from creditors

1 Answers  

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Honda car dr 11556 purchase 25/08/2010 to bank cr 4100 to loan cr 7456 Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-) Loan Bal. 2695/- Car was cancelled due to accident in June-2012. Finance company refunded 6656/-(15/08/2012) Total accumulated depreciation was 5202.318. what will be the Car write-off entry..??

2 Answers  

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When did Bonus shares issued?

10 Answers   Capital IQ,

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what is the order in praparing the balance sheet, placing of assets

3 Answers   APGenco,

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What is the difference between Finance and Accounts?

1 Answers   Cap Gemini,

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non cash or bank income or expense

1 Answers  

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our company given party to employees. this expenditure which account head booked ? please tell me

1 Answers  

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i had completed my continious service in ltd co for 4.6years,whether i am eligible for gratuity

1 Answers  

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I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.

1 Answers  

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What is differed revenue expendature?

2 Answers   FIC,

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