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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2014
Dear Sir,
Please help me in this entry.
we are a online form provider,iwant to know this sales entry in tally.f8--
Item - application money 1000
our charges from 1000 is 10%.
Service tax 12.36 on our 10%
-----------------------------------
total = 112.36
tds 10% deduct over 112.36
hence we receive application money advance.
now tds amount will add on their total amount.please help me today.
Please help me in this entry.
we are a online form provider,iwant to know this sales entry in tally.f8--
Item - application money 1000
our charges from 1000 is 10%.
Service tax 12.36 on our 10%
-----------------------------------
total = 112.36
tds 10% deduct over 112.36
hence we receive application money advance.
now tds amount will add on their total amount.please help me today.
Rupesh Jain
(Expert)
29 May 2014
your income is only 10% of application money.
if received after TDS
then
party a/c 90
tds receivable a/c 10
to commission income.
if received after TDS
then
party a/c 90
tds receivable a/c 10
to commission income.
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