Gold Coin Received from Vendor of Rs. 45000 TDS u/s 194 R also deducted
We are a Pvt Ltd Co. how to show in books and also confirm accounting entry
If receiver has to pay gift tax then
Dr. Gold coin (asset side)
Cr. Tds payable
Cr. Gift or discount received or promotion account
https://cleartax.in/s/how-are-gifts-taxed
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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CAclubindia
