dear sir/madam, we are purchasing milk packets from the same vendor for everymonth for pantry my question is about Tds weather Tds to be deducted under sec 194c or it is expected because of purchase of goods? Thanku in advance.
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Tax audit
Any chances to extend date of tax audit in AY 2017-2018
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Sale value of asset sold is more than wdv
Assessee is a proprietor
There is only one asset in the block of Motor Vehicles
Asset was sold in the month of February 2017
Sale Value of the asset is more than the written down value of the block
Questions -
1. Will depreciation be charged for 10 months before the asset was sold?
2. What is the accounting treatment of the above transaction?
3. What is the taxation treatment and how to show in the ITR?
solution
ABC Co. paid Rs. 1,00,000 as advance to Mr. X for construction of a new building under work contract. Pass entry considering effect of TDS & Service Tax.
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answer
In the books of XYZ Ltd, amount payable to Ram is Rs. 1,09,600/-. The company, XYZ Ltd paid him Rs. 1,20,000/-. Pass payment entry considering rate of TDS @ 1%.
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5000 rupees paid on the birthday of employee.what's ledger name for this expense should be created.
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I am filing the return gst3b but two three purchase bill received after submit return. what to do. can I take GSTR-. 2 return
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Hi,
Could you please help me to import excel data (bank statement to tally?
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I am working in limited company, Co. Hired a vehicle for 3 days @ Rs.4000/- = Rs.12000/- , i want to know whether TDS is applicable or not on hire charges. if applicable then what is the %.
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Tds on purchase of milk