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How to calculate TDS on advertisement?Any one show me one
example?.

Answers were Sorted based on User's Feedback



How to calculate TDS on advertisement?Any one show me one example?...

Answer / rajesh

Here you go!!!

Dr Advertisement Charges 10103
CR TDS Payable 103
CR XXX ( Party Name 10000

( This should be made in Journal Entry. And the Narration
is Being the 1.03 % TDS Deducted for Rs.10000/-.)
in this Rs.10000/-. to be paid to Party & Rs.103/-. to be
paid to Income Tax

Is This Answer Correct ?    30 Yes 15 No

How to calculate TDS on advertisement?Any one show me one example?...

Answer / raj kamal

PARTY A/C ..........DR 100000
TO ICICC BANK A/C 99000
TO TDS PAYABLE A/C 1000


IN THIS MATTER RS-1000/ PAY TO INCOME TAX DEPTT. AND 99000
PAY TO PARTY.

Is This Answer Correct ?    23 Yes 10 No

How to calculate TDS on advertisement?Any one show me one example?...

Answer / vijay

Advt exps Rs.25000=00
TO Party a/c Rs.25000=00

Party A/c Rs283=00
To TDS Payble a/c Rs.283=00
(being TDS ded.from
advt bill @1.166/-)

Is This Answer Correct ?    9 Yes 11 No

How to calculate TDS on advertisement?Any one show me one example?...

Answer / aniruddha

#1 yes
#2 Yes
#3 yes

Is This Answer Correct ?    2 Yes 5 No

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