Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / vikas jaiswal
Hi,
TDS is actually a deduction while TCS is a collection of
tax at source, meaning thereby, if X makes payment of Rs.
100 to Y and such payment is covered under the provisions
of tds, then X will have to deduct tds say Rs. 10 and then
will make payment of Rs. 90 to Y.
While, if X sells goods worth Rs. 100 to Y and such goods
are covered under the provisions of tcs, then X will
collect Rs. 10 more from Y and hence the sale will be for
Rs. 110.
In both the cases Rs. 10 will be deposited to govt. account.
Hope it will clarify the provision a little clear.
| Is This Answer Correct ? | 54 Yes | 3 No |
Post New Answer View All Answers
what is balancesheet adjustment a/c. what is the use of this a/c in sap fico
how can i make configration relation with inflation in sap
What is the Accounts Payable & Accounts Receivable ?
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
What is communicating
What is Risk Assessment?
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?
Hello Everbody....this saturday i attended the interview of times job fair...were capgemini has called me for technical round ..I am bcom graduate with tally an SAP FICO....Can any body help me ... I wan to know what is this technical round...An what they may ask me ......if any body have question an answer kindly send to my id ..that is damudi123@yahoo.com....or contact me to my number ..+919900410314.Or any body have friends working in capgemini bangalore?Please i need urgent help...thnak you with regards adnan hasan
plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com
Expand--------AA
What is Accounting on Computers
what is meant by virus
what is automatic payment in sap fico
