Tax deduction at source in respect of share brokerage house
debit salary expense
credit cash
credit tax at source
no
Tax deducted at Source
Tax deducted at source
income tax payable Dr ,Bank Cr.
debit sales tax expensecredit sales tax payable
debit cash / bankcredit tax payable
TDS means Tax Deducted at Source.....deducted by employers usually
Tax deducted at source (TDS) is a form of tax collection in India used on income assessments. The tax paid is on earnings for the past year.
[Debit] Tax paid [Credit] Cash / bank
no
Tax deducted at Source
Maybe to make sure it is paid? It refers to any tax that was collected at source...like payroll withholding or tax deducted from an interest payment.
Tax deducted at source
income tax payable Dr ,Bank Cr.
because tax is paid to tax authorities and that transaction also need to show.
debit sales tax expensecredit sales tax payable
TDS means tax deducted at source. It is employer's duty to deduct tax at source otherwise govt. may take action. It is a direct tax.