TDS entry of commission paid in cash

This query is : Resolved

Share Report Follow Query Ask a Query

Chandan Arora

Chandan Arora (Querist)
Follow

27 September 2016 What will be the TDS entry of Commission paid in cash

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 September 2016 in the books of deductor
debit commission
credit TDS
credit cash
(At the time of payment of commission)

debit TDS
credit cash
(At the time of payment of TDS to Govt)

Message likes : 1 times

Chandan Arora

Chandan Arora (Querist)
Follow

27 September 2016 and where will go the balance of Commission A/c.will it be transfer to P&L A/c or something else

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 September 2016 commission is expense no? if yes, it will go to profit and loss account.

Chandan Arora

Chandan Arora (Querist)
Follow

27 September 2016 I already told you we are paying commission to our brokers

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 September 2016 Sorry, you never mentioned anything about BROKER...please read your query once again. Ok?
So read the answer and come back any further query.

Chandan Arora

Chandan Arora (Querist)
Follow

27 September 2016 sir is there any difference between commission paying to broker and someone else??

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 September 2016 No, not really
Since you categorically mentioned that you already TOLD.....therefore I corrected your statement
commission can be given on various accounts....referral, estate agents, lottery, travel agent, education, whole sale market and so on so forth
anyway....the entries are clear?

Message likes : 1 times

Chandan Arora

Chandan Arora (Querist)
Follow

27 September 2016 I may be wrong bcz I am novice.yeah sir all entries are clear now. and thank you so much for your answers

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 September 2016 you are most welcome.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Dhananjay Singh

Hmr Babu

Mikilesh Shah

CA Jyoti Singh

Phani

Subscribe Now

TDS entry of commission paid in cash

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Manager- Finance and Compliance

GST CONSULTANCY

Accountant

GST CONSULTANT

Article Assistant