If some one received commission from party Say xyz & he is a prop.
Commission 294519
Tds deducted 29452
what will be combine entry under which account head & groups.( Rs.294519/- is commission on sale )
Actual collection is 150000/- out of rs.294519/- & on 150000/- i have to pay Service Tax @ 12.36%
What account entry i shall pass in may book.
Kindly advice Thanks