DEAR MEMBERS
I AM A CONTRACTING ASSESSE AND I HAVE MY FOLLOWING QUERY
I REGULARYLY DEDUCT TDS OF MY SUB CONTRACTORS, LABOUR CONTRACTORS , GTA, AND ALSO PROFFESSIONAL FEE, MY QUERY IS AS FOLLOWS.
WHATEVER THE CHEQUE AMOUNT IS, IT IS BEING MULTIPLIED ON A MANUAL CALCULATOR AS FOLLOWS
CHEQUE AMOUNT
PRESS MARK UP KEY
PRESS THE PERCENTAGE APPLICABLE ie 1.03% INCLUDING ECESS FOR PAYMENTS MADE TO CONTRACTORS OTHER THAN SUB CONTRACTORS AND THEN PRESS =
NOW THE VALUE OF TDS ALONG WITH ECESS AND THE PAID AMOUNT ARRIVES ON THE CALCULATOR AND THUS I AM ABLE TO MAKE THE PAYMENT OF CHEQUE AND THE GROSS AMOUNT IS FINALIZED
THE SAMPLE OF THE THE CALCULATION IS BEING ENCLOSED IN MS EXCELL FORMAT FILE
NOW MY QUERY IS THAT WETHER MARKUP FUNCTION OF MANUAL CALCULATOR SHOULD BE USED AND IF YES THEN HOW DO I SEPARATE THE TDS AMOUNT ALONG WITH ECESS WHILE MAKING THE MONTHLY TDS PAYMENT,
AS YOU CAN SEE BY COMMON MATHEMATICS THE ANSWER NEVER COMES AS REQUIRED
PLEASE UNDERSTAND MY PROBLEM AND VERIFY MY CHART
REGARDS
ANAND DAYAMA
MY EMAIL ID - idayama @ dataone.in
CAclubindia
