what is tds tax and what is vat use in tally ?

Answers were Sorted based on User's Feedback



what is tds tax and what is vat use in tally ?..

Answer / siba prasad pani

tds means tax deducted source.it is indirect tax.always
deduct tds sundry creditor .tds deposit in to respetly
gorvment.actualy tds from 16A,16,24Q,26Q,how to mantain in
tallyERP9 tds first you have deduct entry
commison a/c dr
TO tds on commisson
TO PARTY
SECOND ENTRY TDS ON COMMISSON A/C Dr
party a/c Dr
TO CASH/BANK

Is This Answer Correct ?    33 Yes 3 No

what is tds tax and what is vat use in tally ?..

Answer / uttam suthar

Tds is collecting amt of central govt.may use indirectly at manufacture soure ,rented,or any kind of occupational.

tds applied on periodic period

Is This Answer Correct ?    2 Yes 0 No

Post New Answer

More Taxation Interview Questions

WHAT IS THE COMPLETE ACCOUNTING PROCEDURES OF SERVICE TAX? WWHAT IS ITS ACCOUNTING TREATMENTS & HOW INPUT CREDIT WILL BE TAKEN & HOW IT WILL BE ADJUSTED AGST OUTPUT SERVICE TAX? PLS SUGGEST ME?

1 Answers  


how can we calculate tds? how the return prepare & file?

1 Answers   Odisha Gramya Bank OGB,


If my Basic Salary is Rs.23000/- than what is the tax impact on it ie PF,ESIC,PT & TDS with calculation.  and also if i had received only 9mth salary.  

1 Answers   Triple A Overseas Ltd,


Till the Discounted bill is paid by acceptor it remains. 1) A contigent liabilities for the acceptor. 2) A contigent Liabilities for the Drawer. 3) A contigent Liabilities for the bank 4) A contigent Liabilites for drawer

2 Answers  


What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)

0 Answers  






Sir Kindly tell me Where is the best institute fir SAP(FICO-CIN and New GL module specially) in Hyderabad ASAP. Regards Om 9910699167

0 Answers  


when we reqiure C form from Party?

3 Answers  


what is D-1, D-2, Vat-C4,

0 Answers   ABC,


can we issue F Form within the state? if yes what is the condition?

2 Answers  


What is Profession Tax?

11 Answers  


which amount filling in c form (in invoice) its urgent basic value of item + excise duty + cst

2 Answers  


for applying way bill for to send the materials from one state to onother state for a part load ( not full exclussive truck load)through transporter,dose it required vehical registration number or only transporter details can do.(as for part load , transporter unable to inform the vehical number in advance).kindly advise.

0 Answers  


Categories