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

Answers were Sorted based on User's Feedback



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

Post New Answer

More Accounting General Interview Questions

what is mutual funds best way to answer?

3 Answers   Genpact,


maximum bank permissable finance

3 Answers   Capital IQ,


What does the word credit mean in terms of accounting?

0 Answers  


real account means

9 Answers   Infosys,


I m working in NGO. we have taken loan from a person or other project in march and returned in may. So what are the entries in tally should be. what are the ledgers to be created and under which group? what are the journal entries?

1 Answers  






what is the main difference between Outstanding & Accrued Expenses?

5 Answers  


What is Contra Voucher 

2 Answers   Government,


which report give the data of GL with materials details in sap?

0 Answers  


what aboutthe Comprised account for preparation of Book Accounts

0 Answers  


What is the Purpose of Preparing Bank Reconciliation Statement?

7 Answers   EDS,


Please advise how to calculate net asset....

0 Answers   Ford,


kindly send the TDS tariff on Security expenses, rents, transport charges etc.,

0 Answers  


Categories