Entry for rent received

pawan tewari ( ) (544 Points)

18 February 2013  

Dr all,while auditing a/cs of a client,i came through the entry pass for rent received.It goes as following

eg; rent=100000,s/tax on it =12360,tds=100000*10%

1.whether tds calculated is correct or it shall be calculated on 100000+12360=112360

2.if s/tax of 12360 is to be shown separately or to be punched with rent received (client passed following entry_

party DR 122360

to rent recd(rent +s/tax)112360

to tds(on 100000)10000

Pls suggest yours opinion