what is tds tax and what is vat use in tally ?
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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 |
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 |
I am working as account in one of the logistics company for one year. I would like to know about service tax and how can I post necessary entries
Any body plz guide me. I have making a invoice of 4% sales tax rate but actual rate of sales tax 5%.
how can we calculate tds? how the return prepare & file?
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