i am working in pvt company as accountant. but i have one
doubt in case of tds deduction. becouse we have paid
Rs.25000/- to Just Dail Group account as a Advertisement
Expences. I know Rules of Tds deduction Rule no: 194C any
payment to contract (advertisement contract) must want to
deduct tds (1.133%)if u paid advertisement expences more
than Rs.20000/- (one time). but my doubt is this. how much
our assessment value in this creditor. up to 20000 don't
want to pay tds. r we only assessed value Rs.5000 (25000-
20000), ie Rs.56.65 or whole amount (25000)ie Rs.283.25.
anybody can help me

Answer Posted / kiran

JOIN IN IFAM, Banglore there they are giving project based
training for 45 days. After training they are giving job.
Call them on9591777526

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is account payee cheque? Expand ctc cheque?

716


Key difference between indian accounting standards and international accounting standards is.

630


what is basic general accounting.

1489


Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.

1504


I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category

1553






what is the nature of profit and loss approprition account.which entity prepare this.

1418


What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?

1116


can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.

1662


What methods do you use to discover sales opportunities?

593


Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.

1691


How new/innavtive assets are to be treated under IFRS?

1449


HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT

1519


How does accounting contribute to the community?

637


on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount

1389


what is loan operations and what are the complete process form from making customer to closure of loan

1660