vat and tds

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 December 2010 dear sir,

our consulant purchase plant from differnet buyer but he does not chages vat on bill,so my question is that we should deduct tds on our consultant.

and my second question is that about jv.

interest received from bank,
i think the entry will be

bank/cash dr,

to interest received.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

22 December 2010 First query is not clear,Supply transaction not covered under TDS

2nd query, if you want pass J.V

Dr:Interest receivable a/c
Cr:Interest Received A/c

What ever you are passed is receipt entry not J.V

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!