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When we paid tds on rent how will journal entry will come and how to enter in tally software?

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When we paid tds on rent how will journal entry will come and how to enter in tally software?..

Answer / ravi kedari.

TDS On Rent A/c....Dr
TO Bank/Cash A/c... Cr.

Is This Answer Correct ?    66 Yes 10 No

When we paid tds on rent how will journal entry will come and how to enter in tally software?..

Answer / praveen.kp

There are mainly 3 entries.
1. for booking rent

Rent a/c Dr
To parties a/c
To TDS on rent a/c

2. for TDS

TDS on rent a/c Dr
To Income Tax Suthorities a/c

3.for paying TDS to GOVt
Income Tax authority a/c DR
To cash a/c
(cash go's out of the business)

Is This Answer Correct ?    55 Yes 6 No

When we paid tds on rent how will journal entry will come and how to enter in tally software?..

Answer / t

TDS on rent a/c(amount deducted as TDS from rent)...Debit
To, Bank a/c (Credit

Is This Answer Correct ?    46 Yes 5 No

When we paid tds on rent how will journal entry will come and how to enter in tally software?..

Answer / sandeep negi

Lets assume the following. "A" consider Party. "B" consider
TDS & "C" consider Rent


So Journal entry will be as following

Rent "C" (debit)(value of (A+B)
To TDS "B" (C-A)
To PArty "A" (C-B)

Thanks

Is This Answer Correct ?    35 Yes 3 No

When we paid tds on rent how will journal entry will come and how to enter in tally software?..

Answer / rajesh

Suppose we are paying a landlord a rent Rs.15000/- & Tds
should be deducted @ 10%.

*Tds= 15000*10%=1500

therefore net payment to be made to landlord is Rs.13500/-
(i.e 15000-1500 =13500)
Entry will be passed in our book as

Rent & Hire Charges Rs.15000 Dr
Bank A/c. Rs.13500 Cr
Itds on Rent Rs. 1500 Cr

Is This Answer Correct ?    33 Yes 10 No

When we paid tds on rent how will journal entry will come and how to enter in tally software?..

Answer / mohan sriram (bhiwandi)

1) While book in Tally-
Rent A/c Dr- 100
To TDS on Rent A/c - 20
To Party A/c - 80

2) While making payment to the party
Party A/c Dr- 80
To Bank A/c - 80
3) Deposits of TDS to Govt
Treasury/Bank A/c Dr- 20
To TDS on rent A/c - 20

Is This Answer Correct ?    33 Yes 18 No

When we paid tds on rent how will journal entry will come and how to enter in tally software?..

Answer / mamta chaudhary

Three entries will be passed
Entry for Due
1) Rent A/c Dr.
To Landlord account
To Tds on Rent
Entry for transfer
2) Tds on Rent A/c Dr.
To Tds Payable Account
Entry for payment
3) Tds Payable A/c Dr.
To Bank/Cash Account

Is This Answer Correct ?    12 Yes 0 No

When we paid tds on rent how will journal entry will come and how to enter in tally software?..

Answer / ravi

while booking a bill in journal in tally -f7
in journal - party a/c dr 5000
to tds 5000
(being bill booked)

in journal deduction entry - alt+s is the short cut key-f7
party 510.10
to tds 510.10

payment entry after deducting tds -f5
party a/c dr 4490
to bank 4490

deducted tds payment made to the dept -f5
tds a/c dr 510.10
to bank 510.10

Is This Answer Correct ?    7 Yes 0 No

When we paid tds on rent how will journal entry will come and how to enter in tally software?..

Answer / tarun pal

SUPPOSE, WE PAY TDS ON RENT ENTRY WILL BE PASSED

BANK A/C Dr.
To TDS ON RENT A/C
TO PARTY A/C

Is This Answer Correct ?    10 Yes 9 No

When we paid tds on rent how will journal entry will come and how to enter in tally software?..

Answer / sateesh

how to prepare tds journal entries on salaries for the month of june-2016

Is This Answer Correct ?    1 Yes 0 No

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