What is the journal entry of.Tds. ?
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*PAID REMUNERATION TO ANUSHKA FOR ACTING IN OUR MOVIE ------- RS-4000000 (suppose TDS WILL APPLY 30% ) what is the journal entry for this transaction?
ANS:-
REMUNERATION CHARGES A/C DR 4000000
TO. CASH A/C 2800000
TO TDS DEDUCTION PAYABLE A/C 1200000
(-----_--------------------)
TDS DEDUCTION PAYABLE A/C DR 1200000
TO CASH A/C. 1200000
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / deen dayal
Supposed paid Rent 25000 to x for m/o June-15 journal entry as under
Rent account Dr.25000
X account Cr 22500
TDS on rent cr 2500
| Is This Answer Correct ? | 4 Yes | 2 No |
For Eg Professional Charges Rs.20000 raised by RV and Co
1.Professional Charges 20000 Dr
To RV&Co 18000
To TDS Payable-194J 2000
2.TDS payable a/c Dr 2000
To Bank/Cash a/c 2000
| Is This Answer Correct ? | 2 Yes | 0 No |
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