Answer Posted / raja
TDS - MEANS TAX DEDUCTED AT SOURCE
IT IS DEDUCTED FOR THE PAYMENT (SALARY) MADE TO THE EMPLOYEE
BY THE EMPLOYER AND
IT IS DEDUCTED BY THE CO., FOR THE PAYMENT MADE FOR RENT,
ADVERTISEMENT AND TO THE CONTRACTOR'S PAYMENT ETC.
BUT THE MUST PAY THE DEDUCTED AMOUNT TO THE GOVT. AS PER THE
INCOME TAX ACT.
WITHOUT ESCAPING FROM THE TAX PAYMENT GOVT. INTRODUCED THIS.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what do Loan Loss Coverage Ratio mens describe it with examples?
Expand--------SRTA
How to answer for the question, tell me about ur project? I mean in which format can i say?
why you want to join the banking and finance industry?
Could u show me the sample TDS Document / Template
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
Expand-------ANTS
how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
impairment & Amortisation Means
what are the different kinds of cash books
What is the Branch Accountant Responsbilities ?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company