Pls reply me urgently

721 views 2 replies

Respected sir,

 

I have received bill from party. bill detiail as bellow.

bill amt (1074 fera*125) 156450/-

less diesel                        241350/-

net amt                               215400/-

this bill for dumper fera in our side.

diesel privided by we.

diesel bill received  our name.

how many % tds diduct on this bill and which amt considered for tds. (this bill is considred with plant machinary rent or contract).

and also show me this transtion entry for accounting purpose.

thanking you

Replies (2)
If you can clear the term Fera? then i can provide details
Rent on Plant & Machinery (if the machine provided by your side) Rate will be 2% For diesel pass the separate entry Power & Fuel / Maintenance /Up & Keep Charges A/c To Cash / Bank Entry: PARTY A/C DR.....215400 To TDS PAYABLE 4308 To Cash / Bank A/c 211092

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