Taxation Accounting
This query is : Resolved
03 April 2010
Dear Sir
My company is not taking credit of service tax payment on any services , can I book the tax as expense.
Eg: Total rent payment Rs 1 Lac(Including ST Rs.10000), is following entry currect
Rent A/c Dr. 100000
To TDS 10000
Party 90000
Dear Sir
My company is not taking credit of service tax payment on any services , can I book the tax as expense.
Eg: Total rent payment Rs 1 Lac(Including ST Rs.10000), is following entry currect
Rent A/c Dr. 100000
To TDS 10000
Party 90000
03 April 2010
yes, entry is correct,
but in the case of Rent TDS is deductible only on Rent Amt. and not on service tax portion.
hence deduct TDS Rs. 9000/- on rent
but in the case of Rent TDS is deductible only on Rent Amt. and not on service tax portion.
hence deduct TDS Rs. 9000/- on rent
03 April 2010
yes.if you are not taking credit you can book total as expenes and for Rent tds can be deducted with out including ST
04 April 2010
agree with experts
04 April 2010
Agree
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
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- Regarding Applicability of Tax Audit u/s 44AB
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- TDS on TRUST
- Renovation exp. in flat by family member
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- New GST registration for new place of business.
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
Quick Links
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
