When we paid tds on rent how will journal entry will come and how to enter in tally software?
- 12 Answers
- 61203 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 ? | 34 Yes | 10 No |
Post New Answer View All Answers
Describe a time when you have not met your goal?
What is the definition of offset accounting?
How much mathematics knowledge is necessary or required in accounting?
any one provide me mm & fi configration steps
ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher
What do you debit and credit if discount allowed is underrated?
cash credit taken from bank then what is the general entry?
Financial Accounting
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
In South Africa, the value added tax is administered by?
Mention whether the account "cash" will be credited or debited when a company pays a bill?
how to solve cashbook question
what is account reconcillation
Please let me know Under head of Sales Advance?
What is bond ? What is capital market?
