Tds on rent

This query is : Resolved

Chandra Chethan G (Querist)
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18 June 2016 There are 3 person Mr.A Mr.B & Mr.C. Mr. A gives premises on rent to Mr. B. but Mr.C pays rent on behalf of Mr.B. So what will be the Accounting entry in all the 3 individual books including TDS effect
Also who has to deduct TDS

Rupesh Jain

Rupesh Jain (Expert)
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18 June 2016 rent liablity of the tenant but you are pay amount to some one then you have to debit to B a/c and to be recover the amount .

in A books

cash/bank a/c
Tds receivable a/c
to rent received

in B books

rent exp.
to C a/c

in c books
B a/c
to Bank/cash a/c
to Tds payable

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