DEAR USERS,
I HAVE A QUARY FOR ALL OF YOU, PLEASE TELL ME THE SOLUTION, I AM WORKING IN A PVT SECTOR AND WE HAVE A DEBTOR (GOVT. TENDER), WE HAVE SUPPLY SOME MEDICAL GOODS AND VAT IS ALREADY APPLICABLE ON IT, THE PARTY DEDUCT TDS ONLY BUT LAST QTR (JAN - MARCH 13) THEY DEDUCT EXTRA AMOUNT, AND TOLD ME IT IS TDS ON VAT, THE SUMMERY IF BILL IS BELOW,
SALES AMOUNT 250648/-
THEY GIVE A CHEQUE 235434/-
BALANCE 15214/- TDS
BUT ACTUAL TDS IS 5013/- (2 % OF SALES)
AMOUNT OF RS 10201/- TDS ON VAT ?
WHAT IS THIS, HOW CAN I SHOW IN MY BOOKS.
CAclubindia
