hi sir,
i have 2 years gulf expereice as an accountant..
now iam working in india.. as an accountnat.
now iam working in partnership firm...i deduct 2% tds on publiation.. and how to pass the entry..plz tell me..
for example : we paid to publication 1000/- tds 20/-
JOurnal entry
j.v.
1. publicity A/c ....1000 -
To Deccan chronicle..- 1000
(being raised the entry first)
1. Deccan chronicle A/c -----------980
To cash/bank-------------980
(being cash paid to d.c.)
2. Tds payable A/c ....20
To d.c. ................20
(Being Tds paid)
The entry is correct or not please tell me.. plzzzzzzzz

From India , Hyderabad
last entry should be as follow:
Deccan chronicle A/c -----------20
To TDS payable A/c-------------20
(being TDS dedcution.)
Further entry for the deposition of TDS to Government should be passed as under.
TDS paybale A/C Dr.

From Germany , Munich
First two entries are correct.
third entry should be as under:
Deccan chronicle A/c -----------20
To TDS payable A/c-------------20
(being TDS dedcution.)
Further entry for the deposition of TDS to Government should be passed as under.
TDS paybale A/C Dr. Rs.20
To Bank A/c Rs. 20

From Germany , Munich
Can anybody tell me about service tax. what will be the entry of service tax in the books of account.
For Ex:.we paid freight amount of rs.10000/- What will be the entry? Also tell me about its return, filling date,panelty etc.
Thanks

From India , Chandigarh

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