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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
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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 |
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 |
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 |
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 |
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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