DEAR ALL,
WE HAVE SUMBIT BILL RS 200000 AND CHARGE EXTRA SERVICE TAX @ 12.36 RS. 24720 . SO GROSS BILL AMT IS RS 224720. BUT OUR CLIENT HOLD @ 5% RETENTION RS 11236 (224720*5%) AND TDS DEDUCT ON BALANCE AMT RS.213484 (224720-11236), MY CLIENT FILE TDS RETURN AND FILL OUR TURN OVER RS 213484 AND TDS 1% RS. 2135 AND SAME TURN OVER SHOW IN OUR FORM 26 AS.. OUR CLIENT SAYS THAT WHEN NEXT YEAR THEY RELEASE OUR RETENTION AMT RS 11236 THAN WILL DEDUCT TDS 1% (RS. 112)
OUR DIRECT INCOME IS RS 200000 ,BUT IN FORM 26AS SHOW 213484 . WE HAVE ALSO FILE SERVICE TAX RETURN .
MY QUARY IS IN WHICH HEAD WE MAKE ENTRY OR HANDLE ABOVE SAID ALL TRANSCTION .
WE THEY RELEASE OUR RETETION THEY WILL DEDUCT TDS HOW ENTRY
THANKS IN ADVACNE
CAclubindia
