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1. we pay rent of Rs:62500/= for that we deduct tds =6250.00
and the landlord claim service tax 6437.10(62500*10.3/100),
we normaly paid on 05th of next month. My Question is
1. What is the Journal Enrty for this
2. Journal Entry when at Payment of TDS
Please help me
Regards
sakthi
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Answer / sanjeev kumar sharma
by rent a/c 62500/-
by Service Tax Credit 6437/-
to bank A/c 62687/-
to TDS Payable 6250/-
--------------------
68937/- 68937/-
====================
| Is This Answer Correct ? | 31 Yes | 4 No |
Answer / gulerahim patni
JV(1) Dr Rent A/c 62500/-
Cr Landlord A/c 56250/-
Cr TDS Payable A/c 6250/-
JV(2) Dr TDS Payable A/c 6250/-
Cr Bank a/c 6250/-
| Is This Answer Correct ? | 15 Yes | 8 No |
Answer / amit kumar
by rent a/c 62500/-
by Service Tax Credit 6437/-
to bank A/c 62043/-
to TDS Payable 6894/-
--------------------
68937/- 68937/-
====================
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / nitesh kumar prasad
by rent a/c 62500/-
by Service Tax Credit 6437/-
to bank A/c 62687/-
to TDS Payable 6250/-
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / archana rao
JOURNAL ENTRY IS
Rent A/C dr. 62500
to Landlord A/c cr. 62500.
JOURNAL ENTRY FOR TDS
Landlord A/c dr. 62500
To TDS A/c Cr 6250
To Bank A/c Cr 56250
| Is This Answer Correct ? | 3 Yes | 5 No |
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