Tds entry of rent? and Rate of TDS ?

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Tds entry of rent? and Rate of TDS ?..

Answer / gaurav agarwal

rent a/c dr.
to cash a/c
to tds a/c

Is This Answer Correct ?    17 Yes 2 No

Tds entry of rent? and Rate of TDS ?..

Answer / mahendra rajput

1). when we deduct TDS...

Rent A/c... Dr.
To, Bank/Cash A/c
To, TDS A/c

2). When TDS is deducted by opposite party..

Bank/Cash A/c... Dr.
TDS A/c......... Dr.
To, Party A/c

3). Rate of TDS is depend on the various transactions.

Is This Answer Correct ?    5 Yes 0 No

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