no
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
By Cash a/c dr. 5000 By Tds receivable a/c dr. 500 To Debtors a/c cr. 5500
No as per income tax act, there is no provision which say for deduction of tax on donation paid.
what is the percentage of tds on salary ?
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.
indiret a/c .....dr To tds a/c .....cr
first entry as jurnal then you pass alt+s after that your tds will ducted then you pay amount party and tds pay in government
indiret a/c .....dr To tds a/c .....cr
How can I make the TDS entry in Tall7.2 ?
whether TDS applicable on forklift charges?
TDS stands for Tax Deducted at Source. It is a type of tax that is deducted by an individual or an organization while making payments such as salary, rent, commission, etc. and is deposited with the government on behalf of the taxpayer.
Due dates of Deposit TDS and TCSTax to be deducted by Govt Office1Tax deposited without challanSame day2Tax deposited with challan7th of next month3Tax on perquisites opt to be deposited by the employer7th of next monthTax deducted by other1Tax deductible only on March30th April of next year2other months & tax on perquisites opted to be deposited by employer7th of next month
Cash / Bank A/c. ------Dr. Tds receivable A/c.-----Dr. To Sundry Debtor A/c.------Cr.
indiret a/c .....dr To tds a/c .....cr
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
By Cash a/c dr. 5000 By Tds receivable a/c dr. 500 To Debtors a/c cr. 5500
If you are looking forward to knowing more about TDS returns or TDS Filing, then before anything, it is important to check whether you are eligible for a TDS Return or not. Following are certain criteria to check the eligibility for the TDS Return or TDS Filing. An Individual, group of Individuals, Association of Individuals, Limited Companies, Hindu United Families, local Authorities, partnership firms, etc., are eligible to be deductors for TDS Return. According to the Income Tax Act, TDS Return Filing is done against pay-outs like Salary Income, Insurance Commission, Income on Securities, Income on Lottery winning, Horse Race winning, payout towards NSC, etc. Employers or organizations with valid TANs are eligible to file TDS returns. Individuals with accounts that are audited as per Section 44AB and hold an office under the governmental or company authority are eligible to file online TDS returns each quarter.