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Is Tax Deducted at source applicable on sea or air freight?
no
What is check name for TDS payments?
Tax deducted at Source
What is the full form of tds in accounting India?
Tax deducted at source
What is the Journal entry for income tax paid?
income tax payable Dr ,Bank Cr.
How do you post sales tax payable as journal entry?
debit sales tax expensecredit sales tax payable
What is tax colleducted at source journal entry?
debit cash / bankcredit tax payable
Tds is direct tax or indirect tax?
TDS means Tax Deducted at Source.....deducted by employers usually
What is the meaning of tax deducted at source?
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.
Journal entry of entry tax paid?
[Debit] Tax paid [Credit] Cash / bank
Is Tax Deducted at source applicable on sea or air freight?
no
What is check name for TDS payments?
Tax deducted at Source
What is Tax deducted at sources?
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.
What is the full form of tds in accounting India?
Tax deducted at source
What is the Journal entry for income tax paid?
income tax payable Dr ,Bank Cr.
How do you post sales tax payable as journal entry?
debit sales tax expensecredit sales tax payable
Why journal entry necessary for tax?
because tax is paid to tax authorities and that transaction also need to show.
Is TDS a direct tax or an indirect tax?
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.
