Answer Posted / k. phalguna rao

Ex. X is a Contractor he submitted his bill for Rs. 25000.0
for masion work

for first entry is

Masion work a/c dr 25000
To X A/c 25000

after we make payment to him

X A/c Dr. 500.00
To TDS on X A/c 500.00
(Being 2% deducted as TDS on sub contract works for Rs.
25,000.00)

X A/c Dr. 24,500.00
To Bank A/c 24,500.00
(Being balance amount paid after deducting TDS)

TDS on X A/c Dr. 500.00
To Bank A/c 500.00
(Being TDS amount paid to Govt. on due date on behalf of
Mr. X)

What will be the consequences if the partnership is not registered

1950

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MMT and MID payment how post in tally

1444

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what is Derivative Documentation,Derivative Settlements,Derivative confirmation?

2385

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how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000

2141

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genpact uk based shift timings? and R2R job profile?

2317

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HOW TO MAINTAIN BANK A/C

2089

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EXPAND___________LNG

2003

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EXPAND___________IMA

2103

---

Expand BEMS

2383

---

Expand--------TOS

2268

---

what is controlership?

2343

---

How do you avoid loss situation

1979

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What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?

2316

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Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?

4015

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your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework

1888

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