Question { CA, 8915 }

what is the entry of tds

Answer

1.If we deduct TDS on Our Exp

Expense A/c Dr.
To TDS Payable U/S 194..
To Party Ac Or Bank/Cash A/c

2.If Some One Deduct Our TDS

Bank/Cash A/c OR Party A/C Dr.
TDS Receivable A/c Dr.
To Income A/c

3.TDS Payment Made To Government

TDS Payable A/C Dr.
To Bank A/C

4.TDS Certificate Received

TDS Receivable A/c Dr.
To Party A/C

Question { TCS, 12669 }

what is depreciation ? and its entries ?

Answer

Due to use of Fixed Asset their value is reduced that reduction in value is called depreciation

Depreciation A/c Dr.
To Asset A/c

Question { 4136 }

WHAT IS RATE OF SERVICE TAX 2014-15

Answer

Now Days Service Tax rate is 12% Services, 2% Education Cess & 1% Secondary Education Cess

Question { 4027 }

bill amount 30000 how to charge tds as sec 194c

Answer

U/S 194c For Contract There is no TDS Dedudction upto rs 30000