Help for tds entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2011
we got a bill Rs.5000 for medical expenses of employee. out of Rs. 4000 is we have to debit in the acount of our labour suplier (contractor0 and rest Amount 1000 for our employee expenses.wht will be the entry with TDS Amount?
Medical expenses....Dr.1000
Contractor.....Dr. 4000
To Creditor (Hospital)4900
To TDS on Profesional 100
Is this is right posting help me out
Medical expenses....Dr.1000
Contractor.....Dr. 4000
To Creditor (Hospital)4900
To TDS on Profesional 100
Is this is right posting help me out
CMA Ramesh Krishnan
(Expert)
31 July 2011
Yes. your entries are correct. But Medical expenses TDS not attracted please be clear in expenses
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
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Import of Capital Machine
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Capital gain on commercial property and investment in residential property
- Closer of business and itc of capital goods
- ARCA LOGIN
- TDS Return Statement Status
- 18% Rent a cab
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
