a x company deduct tds against our bills so how i entry this
type of transaction in talyy 9.0 ?
Entry of TDS deducted is normally made a the time of
receiving payment and not at the time of booking the bills
in tally. Following entry is done:
Bank A/c Debit
TDS Deducted A/c Debit
To Party A/c Credit
Is This Answer Correct ? | 3 Yes | 1 No |
What is income tax? How is it calculated?
What is the difference where sales accounted exluding and including of vat, octrai, other taxes?
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if tiny payment made for computer parts or computer purchase or computer maintainance then how much TDS to be deducted. whether computer maintainance to be considered as contract & tax to be deducted (TDS) from the payment
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Cenvat credit transaction journal entries. And what does the term reversal of credit means
Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)
can previous year be greater than a period of 12 months??
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please explaine the procedure cst calculation if we got credit?
What is TDS and what are the various rates of TDS?
A Norwegian Company rents some equipment to a customer in India. The Norwegian Company does not have an office in India. The new tax regulations make in mandatory for them to furnish a PAN number without which a with holding tax will be deducted. The Norwegian company will be paying tax on this rental income in Norway. India and Norway have a Double Tax Avoidance Agreement. I wish to know 1) Is it possible for the Norweigian company to avoid the with holding tax in India?