Correct Journal Entry of PF & ESI

1 Answers   SSC,

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Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!

0 Answers  

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how to calculate tds?

3 Answers   Genpact,

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i ask to i am deposit tds for cash yes / no please tell me

4 Answers  

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Excise duty applicable for Handmade Production?

1 Answers  

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what is the date of payment of tds of last month (March)& date of filing of last qtr.

5 Answers   HP,

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if mr.X get 2,00,000.00 per month salary. than how we will calculate his tds.

3 Answers   ABB,

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what is mean by wct

2 Answers  

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Advance given to wife for buying a property ; tax treatment?

2 Answers  

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Entry Tax paid for Car purchased Rs.800000 and this amount may adjust to VAt payable. Noted that we are filing vat return on the compound basis.

1 Answers  

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what is tds?

5 Answers  

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A charted accountant has submitted a bill towards his professinal fees of Rs.330900.00 which includes service tax of Rs.30000, Edu cess Rs.600.00 and shec of Rs.300.00. Please suggest me how much TDS we will deduct from this bill.

7 Answers  

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