Interested to Buy Any Domain ? << Click Here >> for more details...
i received annual inncentive received with deduction of TDS
from My suplier. Total amount 100000/- Inncentive.Rs.90000/-
Tds Rs.10000/- how to take entry in my books.
- 6 Answers
- 8673 Views
- I also Faced
- E-Mail Answers
Answer Posted / urmila
Above Answer is Also Correct But If Your Dont Understand
then I Explain it ... First of All U Received Incentive From
Supplier so Your First Entry Is
Supplier Dr 100000
To Incentive 100000
2nd Time Tds Will Be Deduct From Your Incentive .So You Will
Pass The Entry For Tds
Tds Dr 10000
To Supplier Cr 10000
& the last You Will Received Your Incentive in Cash Or
bank..So It Depend
Cash Dr 90000
Supplier Cr 90000
& i M 100% Sure That This Answer Is Absolutely Correct
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
Define financial year?
If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.
What are the deductions under salary head?
HOW CALCULATE PARTERNERSHIP FIRM INCOME TAX ON NET PROFIT.
which purchases is profitable for us a building material purchases from direct of contactor ?
What is tha Central sales tax rate 2010 in andhrapradesh
how to pass service tax reverse charge entry pass in books
What are the various forms used for VAT?
Company A from Maharashtra dispatch material directly to company C in Maharashtra & Billed to Company B in Karnataka. Co. A raised billed to Co. B charged local VAT., Co. B raised bill on Co. C tax rate NIL. Can Co. C claimed on VAT amount ?
we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.
The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com
can i adusted our vat credit in W.C.T. payable?
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
What are all include taxation...? What is to be noted in the taxation...? Hints would be highly appreciated.
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
