hi all
our h.o pays tds on behalf of branch and branch shows exp. in his books (rent) so, how to shows entire entries in h.o and branch books
plz suggest me
sunny
5 Replies
Geetanjali
(Practice)
(99 Points)
Replied 01 October 2007
In the books of H.O.
Branch A/c Dr.(with TDS Amt.)
To Bank
Branch Books
Rent Dr.
To Party
To TDS
TDS Dr.
To H.O.
CMA Gul S
(Program Manager)
(5910 Points)
Replied 01 October 2007
In the books of H.O.
Branch A/c Dr.(with TDS Amt.)
To Bank
Branch Books
Rent Dr. (Gross Amount)
To Party (Net Amount After TDS)
To TDS
TDS Dr.
To H.O.
CA. Dashrath Maheshwari
(TaXpert)
(15108 Points)
Replied 01 October 2007
In Branch Books:
Rent A/c Dr (by Total Amount)
To HO (By TDS Amount)
To Party/cash/bank (By Balance Amount)
In HO Books:
Branch Account Dr. (TDS Amount)
To TDS Payable/Bank/Cash
If HO and Branch both are having saperate PAN then entries will be different
CA.Saibaburao Nanduri
(Chartered Accountant)
(3847 Points)
Replied 02 October 2007
Dear Mr. Gaurav !
Ms Geethanjali, Mr. Gul & Mr. Dashrath Maheswari aptly and accurately pointed out the required entries.
Mr. Dashrath Maheswari, you have wrongly stated as 'PAN' instead of 'TAN'..! may be typing error..
CA. Dashrath Maheshwari
(TaXpert)
(15108 Points)
Replied 03 October 2007
Thanks Mr. Nanduri,
Sorry for the mistake
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