tally entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2010
if house rent is 20000 per month his tds is 2500. then how to entr in payment & journal entry in tally
17 February 2010
Rent (Expenses).Dr Rs.20,000
Bank/Cash ......Cr Rs.17,500
TDS Payable on Rent..Cr Rs. 2,500
Bank/Cash ......Cr Rs.17,500
TDS Payable on Rent..Cr Rs. 2,500
17 February 2010
Agreed with Mr.Rahul, but small suggestion, TDS related transactions you can pass thrugh Journal first crediting the Party Ledger account,furhter you can track tds details easily for TDS return and party reconciliation. so
Rent A/c Dr
TDS- 194I Cr
Party Cr
Payment
Party Dr
Cash/Bank Cr
Rent A/c Dr
TDS- 194I Cr
Party Cr
Payment
Party Dr
Cash/Bank Cr
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
