Is tds deductable on eletricity bill

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2014 Hi friends,
plz tell me is TDS deductable on eletricity bill when bill amount is Rs.8550/- if yes, then how to make entry in tally, in which voucher and is it necessary to show each calculation in detail like shown at the back of electricity bill.
Plzzz help me.....

Amol S Joglekar

Amol S Joglekar (Expert)
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14 March 2014 Any rental paid to electricity company is exigible to 194I...other than this, no need to make any TDS.

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Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2014 Kindly reply how to make journal entry for eletricity bill in tally.
Thank you....

Amol S Joglekar

Amol S Joglekar (Expert)
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15 March 2014 Pass JV.
Debit :'electricity expenses"
Credit : Electricity Company

On making the payment
Debit : Electricity Company
Credit : Bank OR Cash...as the case may be

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Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2014 Hello friend,
A company pays salary to an employee in cash
for eg. it first transfers the amount to Mr. A' a/c, then the amount is withdrawn from his a/c and that amount is paid to the employee. how to make an entry,
JV
SALARY A/C ....Dr
To Mr. A a/c

PAYMENT V
Employee a/c .....Dr
To cash a/c
Please check my entry and reply

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