i received annual inncentive received with deduction of TDS
from My suplier. Total amount 100000/- Inncentive.Rs.90000/-
Tds Rs.10000/- how to take entry in my books.

Answers were Sorted based on User's Feedback



i received annual inncentive received with deduction of TDS from My suplier. Total amount 100000/-..

Answer / ajay

Supplier A/C -- Dr Rs. 100000/-
Incentive (income) -- Cr Rs. 90000/-
TDS -- Cr Rs. 10000/-

Is This Answer Correct ?    12 Yes 1 No

i received annual inncentive received with deduction of TDS from My suplier. Total amount 100000/-..

Answer / sanjay kashyap

CASH A/C DR. 90,000
TDS A/C DR. 10,000
TO INCENTIVE A/C 1,00,000

(BEING INCENTIVE RECEIVED & TDS PAID)

Is This Answer Correct ?    6 Yes 1 No

i received annual inncentive received with deduction of TDS from My suplier. Total amount 100000/-..

Answer / amit kumar tiwari

JV

Supplier A/C Dr. 100,000.00
to Incentive(your name) 90000.00
TDS 10000.00
(Being inncentive due for the period of ...........)


PV

Incentive or(Your Name) Dr. 90000.00
to Bank/Cash 900000.00
(Being Amount paid against Inncentive for the
period:.............)

Is This Answer Correct ?    6 Yes 2 No

i received annual inncentive received with deduction of TDS from My suplier. Total amount 100000/-..

Answer / urmila

Above Answer is Also Correct But If Your Dont Understand
then I Explain it ... First of All U Received Incentive From
Supplier so Your First Entry Is

Supplier Dr 100000
To Incentive 100000


2nd Time Tds Will Be Deduct From Your Incentive .So You Will
Pass The Entry For Tds

Tds Dr 10000
To Supplier Cr 10000

& the last You Will Received Your Incentive in Cash Or
bank..So It Depend

Cash Dr 90000
Supplier Cr 90000


& i M 100% Sure That This Answer Is Absolutely Correct

Is This Answer Correct ?    4 Yes 0 No

i received annual inncentive received with deduction of TDS from My suplier. Total amount 100000/-..

Answer / sahib

SALARY-100000
TDS10%- 10000
INCENTIVE-90000

Is This Answer Correct ?    5 Yes 3 No

i received annual inncentive received with deduction of TDS from My suplier. Total amount 100000/-..

Answer / manoj kumar

Inncentive A/C Dr. 90000
TDS A/C Dr. 10000
To Supplier A/C 1,00,000
(being amount paid agt. inncentive income)


If this entry is not correct,plz.send me right answers on my
email.ID MY Email ID is mkmanoj338@gmail.com

Is This Answer Correct ?    6 Yes 4 No

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