Important

Bank account Dr
TDS account dr
         To Rent received
         To service tax payable 

Originally posted by : Future CA CS
	Bank account Dr TDS account dr          To Rent received          To service tax payable

Above said by both are right...

Best Regards,

Karthikeya...

Bank account Dr
TDS account dr
         To Rent received
         To service tax payable 

Right said above......

Right Entry as mention above

1 thing more that TDS is to be deducted on only rent part and not the total of (RENT + SERVICE TAX) for ex. if Rent is rs. 10,000/- Journal entry would be (TDS @ 10% & Service tax @ 10.3%)

Bank a/c Dr. 10,030/-

TDS a/c Dr.   1,000/-

     To Rent Recieved  10,000/-

     To Service tax payable 1,030/-