Entry for tds for commission
This query is : Resolved
siva krishna
(Querist)
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.
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