How to calculate TDS on advertisement?Any one show me one
example?.
Answers were Sorted based on User's Feedback
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 |
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 |
Dear All, My query is related to capital gain on house property. If a pair of husband and wife have four houses in joint name comprising three residential house and last one is commercial property. Now question is that if they sold all property for Rs. 1.00 Crore and took a new residential property for Rs. 1.25 Crore. So are they eligible to full tax exemption u/s 54 and 54 f and they had to not pay any amount of Income tax? And they have also taken a Rs. 25.00 Lacs housing loan to invest the last one. So are they can take deduction u/s 24B and 80C as well? Please note that they have all property in joint name and share is 50% of each. Please guide me for this.
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