Journal entries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2014
ours is a company which has received a proforma invoice from another Co.towards rendering of training charges of rs.72090/-plus service tax of Rs.8910/- 7 gross bill amt is Rs.81000/-.my query is what J.Entries are to be passed here on its initial advance payment & at the time of booking of expenditure on receipt of tax invoice & at what rate TDS is to be deducted & on which amount.whether it is on Rs.72090/- or Rs.81000/- at the time of initial advance payment
16 July 2014
if it is cover under section 194C and deducted TDS with service tax.
and deduct tax when you make payment and entry book when you recd. the invoice.
and deduct tax when you make payment and entry book when you recd. the invoice.
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