how to make the entry....???
sumit got salary 20000 & charge 10% tds on his salary..
Answers were Sorted based on User's Feedback
Answer / roshan rai
1. salary a/c dr. 20000
To Sumit 18000
To Tds@10% 2000
( being due salary to sumit)
2. sumit a/c dr. 18000
To Bank/cash 18000
(being salry paid to sumit)
Is This Answer Correct ? | 15 Yes | 0 No |
Answer / pravin choudhary
Salary a/c Dr. 20,000.00
To Bank/Cash a/c Cr. 18,000.00
To Tax Deducted at Source a/c Cr. 2,000.00
(BEING SALARY PAID TO SUMIT)
Tax deducted at source a/c. Dr. 2,000.00
To Cash/Bank a/c. Cr. 2,000.00
(BEING TDS DEPOSITED INTO THE BANK.)
Is This Answer Correct ? | 6 Yes | 1 No |
Answer / akshay kumar
salary ac dr 20000
to sumit ac cr 18000
to tds @ 10% cr 2000
sumit ac dr 18000
to cash/bank ac cr 18000
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / aniljha4u
Journal Entry Book in Company A/C
Date Particulars L.F Dr Cr
31-Mar-12 Salary 22222
TDS Payable 2222
Bank 20000
Being got salary 20000 & charge 10% tds on his
salary )
Is This Answer Correct ? | 5 Yes | 8 No |
why charges PURCHASE @ 15 % TAX RATE ?
How to calculate long term capital gain
do we have tds in nigeria
if my salary is 21855 per month for finicial year april 2011- march 2012 what tax will be deduct
how & on which amt tax should be calculate on pvt ltd company or ltd company
Define FBT with example & how it can be calculate ?
If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?
What is the Tax Deduction at Source for the year 2008-09 ?
I want to know the TDS ammount which deducted by company.
TDS Form for salary whose salary less than 150000/-
is there in india the rate of work contract are same in all states if now what are the statewise rate
what is exemption if tds? who & what get benefit of such exemption of tds?