194c???????????
This query is : Resolved
Guest
Guest
(Querist)
03 October 2012
payment made to contractor in single transaction as follows : -
1) 25000=00
2) 25000=00
3) 24800=00
4) 500=00
now how can we deduct TDS OF Rs.753 (75300*1%TDS) from last payment of Rs.500?????
1) 25000=00
2) 25000=00
3) 24800=00
4) 500=00
now how can we deduct TDS OF Rs.753 (75300*1%TDS) from last payment of Rs.500?????
03 October 2012
show debit balance of rs. 253 in party account and adjust with next bills or recover of rs. 253 from party.
if both thing not possible then rs. 253 book as expenses.
if both thing not possible then rs. 253 book as expenses.
03 October 2012
entry need to pass:-
expenses account dt. 500
party account dt. 253
to tds payable - 753
pay tds:
tds payable 753
to bank 753
expenses account dt. 500
party account dt. 253
to tds payable - 753
pay tds:
tds payable 753
to bank 753
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
