Entry of rent receivebal after deducted of tds

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Roshan jha

Roshan jha (Querist)
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03 May 2014 what will be the entry of rent received and rent payable entry

Sandeep Dharar

Sandeep Dharar (Expert)
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03 May 2014 First tell me u r deductor or deductee?

Roshan jha

Roshan jha (Querist)
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03 May 2014 deductor name is TCR PVT. LTD AND DEDUCTEE NAME IS KESHAV PRAMOTORS PVT. LTD.

Sandeep Dharar

Sandeep Dharar (Expert)
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03 May 2014 It means ur TDS is deducted hence entry in the Books of Keshav Promoters should be:-

Bank Dr
To TCR Pvt Ltd

(Being received rent for the period of........ deducting TDS Rs. )

Roshan jha

Roshan jha (Querist)
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03 May 2014 ACTUAL RENT IS 60000 AND WE GET AFTER DEDUCTION OF TDS 54000 SO TDS AMOUNT IS 6000 AND I WILL POST THE ENTRY IN JOURNAL TCR A/C Dr. 60000, TDS Cr 6000 AND RENT A/C IS 54000 AND IN BANK I POST BANK A/C Dr. 54000 AND RENT RECEIVED Cr. 54000 ARE THESE ENTRY CORRECT AUR NOT... AND ONE MORE THING I WANT TO ASK TO YOU. THAT THE RENT OF FEB 2014 WE RECEIVED IN APRIL 2014 WHAT WILL BE THE ENTRY FOR THIS.

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