Pls let me know how to calculate TDS n on what basis is it
done
- 2 Answers
- 4413 Views
- I also Faced
- E-Mail Answers
Answer Posted / bikram mandal(accountant)
T D S MEANS TAX DEDUCTION SOURCE, THE ENTRY WILL BE ..........
1)SALARY A/C DR ...........5000
TO TDS 2 % 100
TO BIKRAM MANDAL 4900
2)BIKRAM MNDAL A/C DR. .........100
TO T D S 2% 100
3)GOVT. A/C DR. ..........100
TO BANK 100
4)BIKRAM MANDAL A/C DR. ......100
TO BANK ...........100
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
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 bank Draft
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
why should we are preparing BRS
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
Debit Note & Credit Note?
can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
difference between contra entry and double entry?
define drawer or maker
What si the differance between REVENUE and PROFIT?
Expand---------BPCD
