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If the Rent paid amount including TDS Amount and Service
tax. and the company effecting for input tax what will be
the entry we need to pass in books...pls help me out.
9964339964 / dgowda99@gmail.com

Question Posted / dgowda99

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If the Rent paid amount including TDS Amount and Service tax. and the company effecting for input t..

Answer / sarvendra singh

RentA/c Dr. 10000
Service Tax A/c Dr. 1236.00
To
Tds on Rent @ 10% 1000.00 ( tds deduct only service
value)
Party A/c Cr. 10236.00

Being payment made
Party A/c Cr. 10236.00
To Bank A/c Dr. 10236.00

Is This Answer Correct ?    26 Yes 4 No

If the Rent paid amount including TDS Amount and Service tax. and the company effecting for input t..

Answer / anirudh pandey

Rent A/c Dr.10000.00
Service tax a/c dr 1236.00
To TDS on Rent 200.00
T0 Party A/c 11036.00
(Being Rent Due)

Party A/c Dr. 11036.00
To Bank A/c 11036.00

Is This Answer Correct ?    12 Yes 6 No

If the Rent paid amount including TDS Amount and Service tax. and the company effecting for input t..

Answer / ashok

RENT A/C DR 10000
SERVICE TAX DR 1236

TO TDS A/C 1000

TO PARTY A/C 10236

Is This Answer Correct ?    4 Yes 0 No

If the Rent paid amount including TDS Amount and Service tax. and the company effecting for input t..

Answer / md mudassir

Rent A/c Dr 100.00
Service Tax Credit A/c Dr 12.36
To TDS U/s 194I (@10%) 11.24
To Party A/c (112.36-11.24) 101.12
(Being Rent due)

Party A/c Dr 101.12
To Bank 101.12
(Being Rent and Service tax paid)

Is This Answer Correct ?    12 Yes 9 No

If the Rent paid amount including TDS Amount and Service tax. and the company effecting for input t..

Answer / latika

1.RENT PAID A/C - DR. 10,000/
SERVICE TAX INPUT DR.- 1236/-
TO PARTY A/C - CR 11236/-
(RENT PAYABLE TO PARTY )

2.PARTY A/C - DR- 1123.6/-
TDS PAYABLE ON RENT A/C CR.-1123.6/-
(TDS CHARGED ON RENT PAID)

3.PARTY A/C- DR- 10112.4/-(11236-1123.6==>TDS AMT)
TDS PAYABLE A/C -DR.1123.6/-
SERVICE TAX PAYABLE A/C -DR.1236/-
TO SERVICE TAX INPUT A/C -CR 1236/-
TO BANK A/C CR- 11236/-
(AMT PAID TO PARTY AND TDS AMT SUBMITTED TO BANK)

Is This Answer Correct ?    2 Yes 7 No

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