Interested to Buy Any Domain ? << Click Here >> for more details...
A is raise a bill to B of amt. 25000/
At the time of payment B will be deduct the TDS from which
rate.This bill raised first time to B By A.
Trilok Sharma
(Vigneshwara Developers)
- 2 Answers
- 5295 Views
- I also Faced
- E-Mail Answers
Answer Posted / manoj
TDS will be deducted when the payment made is above the
ceiling prescribed. In the question u have not mentioned
what is the nature of the transaction is.. For the 1st
timers also u need to deduct the TDS if ur following manual
system of accounting . If ur following a computerised
system then u'll come to know the next time the payment is
made else if subsequently u made a payment which together
with the previous one exceeds the limit then ur liable to
deduct and it will be a mistake on ur part if u've not
deducted TDS.
So for precautionary measure it is advisable to deduct TDS
at the 1st time itself and u believe that there is a scope
of future dealing with the client.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
What is revaluation of Accounts, how does it is accounted in business
Expand---------EDP
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
What do you mean by Green-shoe option?
i am called for interview but im getting confused wt sort of questions i wd have to face,its a bank job and post is cash ofiicer please help me.
i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???
Define Salry for the following purpose 1.To calculate HRA
What is the basic difference between pledge, hypothication and mortgage????
About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?
what are the customization u have done in sap mm
Clasify capital
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
cash sales and credit sales both are asset or liability?
What is Spin-off & spilts
