whether this entry is correct or not.
This query is : Resolved
CA Abhishek Singh
(Querist)
06 October 2010
following entry is passed for the purchase of fixed assets.
furniture & fixture a/c--dr50575
(incl.lab chgs-15575)
vat @12.5% a/c-----------dr4375
To TDS on contractor((50575+4375)*2%
Rs.1099
To XYZ Ltd A/c------Rs.53851
waiting urgently for ur reply.
furniture & fixture a/c--dr50575
(incl.lab chgs-15575)
vat @12.5% a/c-----------dr4375
To TDS on contractor((50575+4375)*2%
Rs.1099
To XYZ Ltd A/c------Rs.53851
waiting urgently for ur reply.
Aditya Maheshwari
(Expert)
06 October 2010
TDS deductible on labour part. So TDS amount would change in the entry.
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