When this option is selected, theInterim accountfield for the withholding tax code becomes available. When a sale of goods is posted, the tax amount on the invoice is posted to the interim TCS payable account and debited to the customer account. When the user receives payme...
On marking this option system will activate “interim account” field under the withholding tax code. At the time of posting of sale of goods invoice Tax amount will be posted to “Interim TCS payable account” and debit to “customer account”. When...
On marking this option system will activate “interim account” field under the withholding tax code. At the time of posting of sale of goods invoice Tax amount will be posted to “Interim TCS payable account” and debit to “customer account”. When user receive payment from buyer at that ...
Press Alt+G (GoTo) > Create Master/Alter Master > TCS Nature of Goods, and select the relevant Nature of Goods. Enter relevant details such as the name of the Nature of Goods, Section, Payment code, Threshold/exemption limit, and applicable TCS rates. Note: You can set TCS rates for...
User will receive payment from customer for sales of goods and services, TCS is to be calculated on receipt of payment for sale of goods. Provision has been provided to enter amount on which TCS can be calculated on the event of receipt of payment from customer. In addition to it, ...
During the pre-order period, there may be a purchase quantity placed on some items. We reserve the right to cancel and refund orders if they do not comply with these Terms and Conditions of Sale. ARTICLE 5: PRODUCT PRICES AND PAYMENT 5.1 The prices indicated for the products are in euros...
Section 206C of the Income Tax Act says that when certain specified goods are sold, a certain amount must be added to their sale price – this is TCS, or Tax Collected at Source. The seller imposes this amount on the buyer and then has to deposit it with the government by a certain ...
Section-3: TallyPrime Basics S3.1 Overview on Tally – History, Advantages, Releases S3.2 Pricing of Tally Application – Modules of licenses S3.3 Tally Rental License S3.4 Download & Installation, Update TallyPrime S3.5 Licensing options – Education mode, License from network and Activate New ...
pay any due payments in accordance with stipulated payment terms, for each overdue day, a default penalty of 0.03% of the overdue amount shall be paid; the foregoing default penalty, together with the overdue amount, shall be consolidated and paid by Buyer upon Seller's urging of payment. Un...
(b) death or personal injury resulting from its own negligence or that of its employees, sub-contractors or agents; or (c) breach of the terms implied into this Contract by section 12 Sale of Goods Act 1979 or Section 2 Sale of Goods and Services Act 1982; or (d) the indemnity set ...