Rent entry
This query is : Resolved
06 January 2015
I am paying rent inclusive of service tax so can i show the breakup of it in the entry
Journal
Rent xxx
to party xxx
payment
Bank xxx
to party xxx
to service tax xxx
Journal
Rent xxx
to party xxx
payment
Bank xxx
to party xxx
to service tax xxx
06 January 2015
Dear Riddhi
If you can claim the credit then entry:
a) Rent a/c dr xxx
Service tax a/c dr xxx
To Party xxxx
b) Party a/c dr xxx
To Bank a/c xxxx
If you cant claim the credit then entry will be
a) Rent a/c dr xxx
To Party xxx
b) Same as above
Regards
Pradeep Kumar
If you can claim the credit then entry:
a) Rent a/c dr xxx
Service tax a/c dr xxx
To Party xxxx
b) Party a/c dr xxx
To Bank a/c xxxx
If you cant claim the credit then entry will be
a) Rent a/c dr xxx
To Party xxx
b) Same as above
Regards
Pradeep Kumar
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
