banner_ad

Tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 May 2017 Hi

we are paying every month rent deducting 10% TDS rent is Rs.40000/- TDS is Rs.4000/- and payment Rs.36000/- pm as rent where to show this TDS amount in Profit and loss a./c are in balance sheet.

i am confuse of

profit and loss a/c debit side
Balance Sheet liabilities side

Thanking you

Kumar
Profile Image

Sumeet

Profile Image

Sumeet (Expert)
29 May 2017 Journal Entry for your transaction will be: Rent A/c Dr 40000 To Party A/c 36000 To TDS Payable A/c 4000 Hence full rent will go to profit and loss account and TDS payable if any o/s on balance sheet date will be shown on liability side. Hope this solves your query.
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
29 May 2017 Entry for this is Rent A/c To TDS Payable To Bank TDS Payable To Bank Second entry passed on payment of TDS Rent will go to P&L. Any Balance in TDS a/c(Deduct but not deposit) is shown in Liability Side of Balance Sheet.
Profile Image

Kumar

Profile Image

Kumar (Querist)
29 May 2017 TDS deducted and payment made through online and received form 16, where that form 16 amount to be put, means in balance sheet or profit and loss a/c
Profile Image

Aashok Kumar Sharma online

Profile Image

Aashok Kumar Sharma online (Expert)
27 July 2025 https://docs.google.com/document/d/1NNflep1iNhufEHpf93pKwSf3mP9vHHXvUHdAqa8a9zE/edit?usp=sharing
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details