21 March 2009
sir cha purchase agency with servicetax and as a contract and with agency charges there is a debit note attached debit note is for expenses occoured on the agency or claering the material payments up to today is upto 1500000.00one core fifty lakhs for both agency & rembursement and i have to deduct tds on agency only or i should ded on rembment. debit note please say tds 2.266 or 2.06 and if i pay the tds in april provision entry for tds for 31/3/2009 for tally how should it be accounted.
is entry right please say PARTY AC DR TDS FOR CONTRACTOR CR
CAclubindia
