Suppose 17500/- amt due with debtor. Debtor also make payment . But He pay only 17150, and tell me 350/- is deducted for TDS. SO WHAT entry should be pass in tally.?
and should I ask TDS certificate?

i have received tds default notice and i downloaded the justification report also. in that i found for eg. short deduc. of Rs. 2000/- which have pan err. and int for the same Rs. 100 and late paymt int 700 and now rectified the err of pan shall i pay only Rs. 700 late paymt int.

What will be the First entry in Tally while new business started ?

dear sir, I am a ca finalist from india and b.com graduate. I want to do my mba abroad but only after I complete my ca so that I can get a good job to backup my expenses. kindly suggest which country should I choose where I can get a good job regarding my indian ca qualification.

if a mobile is purchased of rs.1500 and is recorded as expense by co. Is this treatement correct or it must be recorded as f.a.

what will be the accounting treatment for goods held for sale are given as gift,as no stock is maintained in books of accounts?wether to credit purchases agains expense head?

We have paid interest in the cur fin.year 2013-14 on TDS for the FY 2009-10, 2010-11, 2011-12 and 2012-13 as per various tds demand notices recd in cur.year.

To what a/c should this be debited ?
Prior period exp or interest exp.in current year ?

Pls tell the appropriate a/c head under p&l.

Thanks & Rgards
Arun

my debtor deducted tds and paid the balance amount where it will be reflected in 26AS for the same I will claim during my tax calculation.

but my client shows tds receivable for previous years under current assets.

how this is made?

please suggest good course or site to update knowledge of balancesheet taxation etc

In case of transport 0 percent tds return Is this compulsory