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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

Question Posted / sakthi_135

Answers were Sorted based on User's Feedback



1. we pay rent of Rs:62500/= for that we deduct tds =6250.00 and the landlord claim service tax 643..

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

1. we pay rent of Rs:62500/= for that we deduct tds =6250.00 and the landlord claim service tax 643..

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

1. we pay rent of Rs:62500/= for that we deduct tds =6250.00 and the landlord claim service tax 643..

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

1. we pay rent of Rs:62500/= for that we deduct tds =6250.00 and the landlord claim service tax 643..

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

1. we pay rent of Rs:62500/= for that we deduct tds =6250.00 and the landlord claim service tax 643..

Answer / ravindra

renta/c 62500
TDS 6250
LAND LORD CLAIM SERVICE TAX 6437
BANK 49813

Is This Answer Correct ?    15 Yes 17 No

1. we pay rent of Rs:62500/= for that we deduct tds =6250.00 and the landlord claim service tax 643..

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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