Question { Wipro, 49354 }

what is the difference between direct income and indirect
income?

Answer

in this firm direct income are related to sales of goods
and indirect income are not related directly to sales it is
dutydrawback, rent , interest, dividend and others,

Question { 5628 }

What is debit and what is credit ?

Answer

Debit & Credit depends upon criteria of principal

1- debit is the receiver & credit is the giver
example. syham goods sold to ram ,
ram is a receiver dr
shyam is a giver cr
2- what come in debit & what goes out credit.
example. goods purchase for cash
purchase of goods (debit)come in
cash ( credit)goes out

3- all expenses & losses are debit & all income &gain are
credit.

Question { Maruti Suzuki, 8462 }

hi

how much deducted tds on intrest,rent,contract, subcontract,
what is the new rat of tds?

Answer

Tds on intrest for rate 10.30%
Tds on rent for individual rate 15.45% and firm rate 20.6%
Tds on contractor rate 2.06%
Tds on sub -contractor 1.06%