I want to know the Taxation entries manually like(TDS,VAT,
Excise duty, Income tax, statutory payment entries)
Answer / nagaraju arepalli
First Vat returns entry
At the time of purchase
purchase A/c Dr
Input Vat A/c Dr
To Bank/Supplier A/c
At the time of sales
Bank/Customer A/c Dr
To output Vat A/c
To Sales A/c
At time of Vat return
Output Vat A/c Dr
Input Vat A/c
Bank A/c
At the time of TDS deduction from customer
TDS A/c Dr
To Customer A/c
At the time of TDS pay to incometax
Income tax A/c Dr
To TDS A/c
Is This Answer Correct ? | 0 Yes | 0 No |
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
Can be deduct Tds on Staff welfare expenses?
TDS form for Salary.
i want basic formula to find vat 4% from the total bill
what is GST? please guide us? what is the rate liable for GST? and when GST is applied?
why VAT not charged in deemed sales bill.
When calculating tds on a service bill ,TDS need to be calclated on "Base Amount" or "Base Amount"+ "Service tax" ? please answer with relevant provision
8 Answers Market Insight, NetTantra Technologies, Simoco,
what is the rate of income tax, if a person gets 200000 per annum, what are entries in tally? what is the income tax to be deducted?
a business man purchases goods at 12.5% vat... he wants to sel l the goods to other state then central sales tax will be applicable@2%.what he can do with the input tax avai lable?
TDS rate for Building Maintenance ????
hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?
if Mr. A Charge to Mr. B 5% CST, Mr. B Paid 5% CST To Mr. A so Mr. B c Form Give To Mr. A This Is right or wrong