How to pass entry of rental income received from machinery, is it direct income

How to pass entry for the income received fby providing the machines to the customers in rent, here ownership is not transferred only possession is transferred 

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Quick Summary
This discussion clarifies how to record income received from renting out machinery when ownership isn't transferred. It explains that if it's a primary renting business, the income is considered direct. Otherwise, it's indirect. The post provides specific journal entries for recording rent receivable and received, including applicable GST and TDS, for registered businesses.

If it is renting business then , same will be direct income other wise indirect Income , so
pass entry .

Trade Debtor's A/c Dr
To Rent of Machine A/c Cr
To CGST A/c Cr
To SGST A/c Cr
( Being rent receivable of Machine )

when you received payment pass entry

Bank A/c Dr
To Trade Debtor's A/c Cr
( Being rent received )

If you.are registered under GST , GST applicable , when you issue Invoice for rent .
What about TDS receivable missed here

Pass the following journal entries:

XYZ A/c Dr.(Asset)
     To Rent from Machinery A/c Cr.(Direct Income)
     To CGST/SGST/IGST A/c Cr. (Liabilities)
        
Bank A/c Dr.
TDS Receivable A/c Dr. (Asset)
    To XYZ A/c Cr. 

    

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