Rent paid for using Tally software
This query is : Resolved
30 March 2011
Kindly please let me know what is accounting entry for ussintg Tally software on Rentaly basis & Is it applicable on TDS.
Regards
Denis
Regards
Denis
31 March 2011
In my view TDS to be deducted u/s 194C.
Entry:
Rent on Software A/c Dr
To Party A/c
Party A/c Dr
To TDS Payable A/c
To Bank A/c
Entry:
Rent on Software A/c Dr
To Party A/c
Party A/c Dr
To TDS Payable A/c
To Bank A/c
14 April 2011
Rate of TDS:
Individual / HUF 1%
Others 2%
No PAN 20%.
Individual / HUF 1%
Others 2%
No PAN 20%.
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