Pass a entry for the Contract receipts of Rs. 20000 after
deduction of mobilization adv 30%, TDS 2.244%,Works
Contract TDS 2% and retention money @ 10%
- 9 Answers
- 31673 Views
- I also Faced
- E-Mail Answers
Answer Posted / ajay vinayak
1) First book the contract in journal by following entry:
MObilization adv dr. 6000
TDS dr. 449
wct dr. 400
retention money dr. 2000
party/dr. 11151
contract receipt 20000 cr.
2) At the time of receiving money:
Bank A/C.....dr.11151
to Party A /c 11151
| Is This Answer Correct ? | 5 Yes | 4 No |
Post New Answer View All Answers
Making delivery challan is possiable between two branch of difference code
for applying way bill for to send the materials from one state to onother state for a part load ( not full exclussive truck load)through transporter,dose it required vehical registration number or only transporter details can do.(as for part load , transporter unable to inform the vehical number in advance).kindly advise.
While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks
How To Calculate Gross Sales for vat return -15
What is meant by Cost of Improvement?
Define FBT with example & how it can be calculate ?
Please guide us about Forms and where is it will use i.e.Form C, Form h, Form F. if other form has please guide us about of that Forms?
If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?
Dear Sir, We are running a security agency. Please suggest us Notification No.:15/2012 service Tax dated 17.03.12 which is effected from 01.07.12 Please suggest how to raise bill on our clients.
what is deemed sales? how to calculated
i want to know about Form c,D,E, E-1,E-2,F,G,H,I.WHEN IS LIABILITIES OF ISSUE OF ALL RELATED FORM ON SELLER AND BUYER.PLZ SEND THE ANSWER OF THIS QUESTION ON MY E-MAIL
When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?
how & on which amt tax should be calculate on pvt ltd company or ltd company
Service tax applicable or not for Govt Guest House contract work.
How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.
