Tcs entry in tally
This query is : Resolved
Mohd Nasruddin
(Querist)
28 December 2017
Hi,
Kindly help me in TCS journal entry. we have purchased a machine of Rs. 50,00,000/-. we have paid by Loan Rs. 30,00,000/-, Rs. 100,00,000/- bank transferred by another person and Rs. 10,00,000/- cash deposit in seller's account , what happen . machine seller has TCS tax deposited to gov. on our pan number on last cash deposited ten lakh.
please help in entry. how to make entry of it.
best regards,
Mohd Nasruddin
Kindly help me in TCS journal entry. we have purchased a machine of Rs. 50,00,000/-. we have paid by Loan Rs. 30,00,000/-, Rs. 100,00,000/- bank transferred by another person and Rs. 10,00,000/- cash deposit in seller's account , what happen . machine seller has TCS tax deposited to gov. on our pan number on last cash deposited ten lakh.
please help in entry. how to make entry of it.
best regards,
Mohd Nasruddin
29 December 2017
machine a/c.....dr 50
tcs a/c.........dr 0.10
to loan 30
to person 10
to cash 10
to M/c party name 0.10
if machine party deduction in machine value then machine cost 49.90.
tcs a/c.........dr 0.10
to loan 30
to person 10
to cash 10
to M/c party name 0.10
if machine party deduction in machine value then machine cost 49.90.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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?
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
