banner_ad

194R Journal entry in the books of a company

TDS / TCS 1031 views 2 replies
User Avatar

Working in Manufacturing Comapny
169 Points Posted on 21 December 2023

Please tell me the journal entry for 194R if Gold Coin of INR 10000 is given to Dealer for achieving the sales target.

0 Reply Share Follow
On 21 December 2023 at 17:38 Report
Replies (2)
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 21 December 2023
Is there any difficult for this entry...??!
I don't know exactly for the difficult...

But,
we can enter it simply as

Dr. Gift Expenses - XXXX
Cr. Bank A/c - XXXX


If You want any other entry then please reply...
Reply
On 21 December 2023 at 21:03
User Avatar

Accountant
1227 Points Posted on 21 December 2023
Upto 20k no tds.

above entry is correct till 20k crosses to one person.

if gift is above 20k , then deduct tds too.
Reply
On 21 December 2023 at 23:58


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

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details