Nettet21. jun. 2024 · General Journal Purchase Journal Mandatory fields for TDS calculation on general journal, purchase journal, purchase invoice, purchase order. Create General … Nettet15. nov. 2024 · Why is TDS Receivable A/c is part of the Journal entry? Here, the Customer pays Rs.9,800 in Cash or Bank, and the balance of Rs.200 is deduction …
TDS basics for beginners TDS journal entries Interest on late ...
NettetTo TDS payable on Professional fees A/c 10,000 (Being provision of fees made to M/s XY & Associates after deducting TDS @ 10%) - At the time of payment of Fees- M/s XY & Associates A/c Dr. 1,08,000. To Bank A/c … NettetWhen Govt. Refunds the TDS to Assessee; When Mr. N Person fills his regular income tax return and he refunds some of his TDS. Suppose, it is the Rs. 1500. Bank Account Dr. 1500. Refund of TDS Cr. 1500 { Important Note : Payment of income tax is the personal liability of any person. So, we do not record the income tax of an individual assessee. hmas kuttabul
TDS Calculation on Purchase and Payment Transactions
NettetKnowledge of TDS and GST. Employer Active 5 days ago. Junior Accountant. Eadcosmos Media And Communication Private Limited. Pune, Maharashtra ₹3,50,000 - ₹4,00,000 a year. Full-time. — Post and process journal entries to … NettetDelete Submitted Document. Disable Notification Emails. Set Current Value for Naming Series. Remove Link at the Bottom of the Print Page. Remove Line Breaks in Print … NettetEnter the required details in the TDS Details screen. The Journal voucher appears as shown below: Accept the screen. As always, you can press Ctrl + A to save. Purchase of Software You can create the nature of payment and record the transaction. In this section Nature of payment for taxable purchase of software products hma solutions