EASYOFFICE
EASYOFFICE

incme tax

This query is : Resolved 
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(Querist)
06 July 2010 purchase Rs 100000
commission Rs 10000

Total Rs 110000
Q) what is the treatment, total 110000 comes in purchase register or only Rs 100000 will recorded in purchase and commission recorded separate and TDS deducted, Tell me
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 July 2010 PURCHASE DR 100000
COMMISSION DR 10000
TO PARTY 110000

PARTY DR 110000
TO TDS PAYABLE 1000
BANK/CASH 109000
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
06 July 2010 TRY TO SEGREGATE THE BILL TO AVOID TDS ON PURCHASE.
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