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.
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.
what is the percentage of tds on salary ?
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 ?
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.
whether TDS applicable on forklift charges?
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.
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
indiret a/c .....dr To tds a/c .....cr
By Cash a/c dr. 5000 By Tds receivable a/c dr. 500 To Debtors a/c cr. 5500
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.