banner_ad

Tds recievable entry for rent accrued !!???!

A/c entries 1045 views 1 replies

Hi all,

Pls clarify the following situatuion...

A company recieves Rental Income Rs.10900/- p.m from July onwards (therefore,9 months)

Rent recieved is Rs.9810 every month after TDS of Rs.1090/-

For march rent will be recieved on April. Therefore, provision is to be made for Accrued rent.

But the company has made the following entries :

Bank a/c Dr.     Rs.9810

To Rent recieved a/c     Rs.9810

( for 8 months )

On March :

1) Rent recievable a/c      Rs.9810

     To Rent recieved a/c      Rs.9810

2) Tax Deducted at Source a/c      Rs.9810

      To Rent recieved a/c                  Rs.9810.

 

Is this right ?

 

Replies (1)

I assume TDS has been accounted for past 8 months.

 

Regarding March, check the amount of TDS in 2nd entry.

 

Plus, unless the deductor deposits TDS as March, company might not be able to claim for that AY, otherwise it is correct as per me.

 

Next Month:

 

Party A/c Dr.

To Rent Receivable A/c

--

Bank A/c

To Party A/c


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details