yes
1) a) Salary Payable A/C Dr. TDS on Salary A/c Dr. To Salary A/c To TDS on Salary A/c b) Salary A/c Dr. TDS on Salary A/c Dr. To Bank
No as per income tax act, there is no provision which say for deduction of tax on donation paid.
TDS is applicable only on income by the way of labour services, rent, professional service, lottery, etc, it does not cover sale of material, as long as stationary provider is not offering any customised product, & selling as it is, it does not attract TDS, if it offers product with customised solution, it will be subjected to deduct TDS on contractor \ subcontractor basis.
Kindly le Let me know if tds due date falls on sunday,can it be paid next day Kavita
1.5% per month or part there of, till tds is paid Deduction due date paid date 10000 7.7.2012 8.7.12 interest 150 10000 7.7.2012 8.8.12 interest 300 10000 7.7.2012 8.9.12 interest 450 ...like
water tds level
To make an entry of payment after deducting TDS in Tally 9, first, create a payment voucher by selecting "Accounting Vouchers" and then "F4: Payment." Enter the party's account, the amount to be paid, and select the appropriate TDS ledger for deduction. Tally will prompt you to enter the TDS amount; input this amount, and the net payment will be calculated automatically. Finally, save the voucher to complete the transaction.
TDs are members of the Irish Parliament...
Shaun Alexander -----As of the start of the 2007 season, Marshall Faulk has 136 TDs, Marvin Harrison has 122 TDs, Terrell Owens has 116 TDs, LaDainian Tomlinson has 111 TDs and Shaun Alexander has 107 TDs, and Randy Moss has 101 TDs.
Generally, a TDS level between 50-150 is considered as the most suitable and acceptable. Ans: If the TDS level is about 1000 PPM, it is unsafe and unfit for human consumption.
Tds Rates are NIL On Transport
what is the percentage of tds on salary ?