Entry for tds for commission
This query is : Resolved
16 August 2011
Dear Experts,
Our company received Form 16A from voltas Ltd towards TDS on commission under Sec 194H
for F.Y 2010-11 but we did not receive the commission cheque so i had taken only TDS amount in books of accounts now my doubt is whether my treatment is correct or i have to take commission also into books of accounts if so plz help me with necessary journal entries
Thanks in advance
Our company received Form 16A from voltas Ltd towards TDS on commission under Sec 194H
for F.Y 2010-11 but we did not receive the commission cheque so i had taken only TDS amount in books of accounts now my doubt is whether my treatment is correct or i have to take commission also into books of accounts if so plz help me with necessary journal entries
Thanks in advance
16 August 2011
Pl pass the entry as follows:-
Voltas Ltd a/c Dr 900
TDS Dr 100
To commission 1000
(Being commission 1,000/- receivable
from voltas ltd and it tds accounted)
N.B :- figures put as an example.
Voltas Ltd a/c Dr 900
TDS Dr 100
To commission 1000
(Being commission 1,000/- receivable
from voltas ltd and it tds accounted)
N.B :- figures put as an example.
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regarding Applicability of Tax Audit u/s 44AB
- 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?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
