Accounting Entry
This query is : Resolved
23 January 2009
We have engaged a techinician for the purpose of repairing machinery. He has provided a bill stating labour charges, travelling & fooding seperately. Pls advice how to account in books:- 1.debiting entire amount to repairs & Maint.
2.seperately to the concerned head (if so whether liable for FBT).
On other case expenses of travelling and fooding incurred by us whether attract FBT.
2.seperately to the concerned head (if so whether liable for FBT).
On other case expenses of travelling and fooding incurred by us whether attract FBT.
Ram Avtar Singh
(Expert)
23 January 2009
Repairing & Maintenance Machinery Dr
To Party/ Techinecian Cr
If Amount is Excedding 20000/= TDS should be deducted Under Sec 194C
To Party/ Techinecian Cr
If Amount is Excedding 20000/= TDS should be deducted Under Sec 194C
Message likes :
1 times
23 January 2009
what if we incure their travelling by paying cash from our cash in hand
K V Subba Rao
(Expert)
23 January 2009
To my knowledge, nature of payment is deciding factor for allocation but not mode of payment
Message likes :
1 times
Azmathullah Khan
(Expert)
24 January 2009
Please u consider total item for errecting the Machine, and deducted the TDS.
if u r considering the amount seperately
Then Deduct the TDS on Labour & FBT on Travelling & Food expenses (which u have to pay from ur pocket.
Hence consider all the expenses including labour, spare, and others pocket expenses into repair & maintenance and Deduct TDS, and let the party will claim the TDS
if u r considering the amount seperately
Then Deduct the TDS on Labour & FBT on Travelling & Food expenses (which u have to pay from ur pocket.
Hence consider all the expenses including labour, spare, and others pocket expenses into repair & maintenance and Deduct TDS, and let the party will claim the TDS
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Oct 2025 Invoices
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
