A ca charge a bill on his client of rupees 100000 and charge service tax @ 12.36%, party make payment after dedicate tds
@10% what enters be made in the books of CA and party.
Answers were Sorted based on User's Feedback
Answer / sunil srivastava
1ST ENTRY
DR.LEGAL & PROFF EXP.100000
DR.SERVICE TAX 12360
CR TDS@10% U/S 194-J 10000
CR.PART A/C(CA)102360
2ND ENTRY
DR PARTY A/C (CA)-102360
CR BANK A/C-102360
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / soumya prakash ganguly
Party A/c
P.Charges A/C.....Dr. 87640/-
Service Tax Receivable A/C.....Dr. 12360/-
To CA A/C...........Cr. 90000/-
To TDS payable A/C...Cr. 10000/-
CA A/C............Dr. 90000/-
To Bank/Cash A/C....Cr. 90000/-
CA A/C
Party A/C......Dr. 100000/-
To P. Charges A/C...Cr. 87640/-
To Service Tax Payable A/C..Cr. 12360/-
Bank/Cash A/C..Dr. 90000/-
TDS Receivable A/C...Dr. 10000/-
To Party A/C.....Cr. 100000/-
[Note : Now TDS charges on base value of invoice]
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / santhosh varma
Bill Entry
Financial & Legal Charges A/c...........Dr 1,00,000
Service Tax A/c.........................Dr 12,360
TO CA-(Consultancy) A/c....Cr 1,02,360
TO T.D.S-Payable A/c.........Cr 10,000
Payment Entry
CA-(Consultancy) A/c.........Dr 102360
TO Bank/Cash A/c------Cr 102360
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / xyz
legal& prof exp dr 112360
TDS@10% U/J 194-J cr 10000
Party(ca) a/c cr
party(ca)a/c dr
bank a/c cr
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / deepak deshpande
BOOKS OF Z PARTY
PROFESSIONAL CHARGES A/C DR 1, 12,360
TDS PAYABLE A/C CR 11,236
CA FIRM A/C CR 1,01,124
BEING SERVICE RENDERD BY CA FIRM
CA FIRM A/C DR 1,01,124
BANK A/C CR 1,01,124
BEING AMOUNT PAID TO CA FIRM ON SERVICES RENDERD
TDS PAYABLE A/C DR 11,236
BANK A/C CR 11,236
BEING TDS DEDUCTED PAID TO GOV.
BOOKS OF CA
Z A/C DR 1, 12,360
PROFESSIONAL FEES RECEIVABLE A/C CR 1, 12,360
BEING AMOUNT DUE ON SERVICES PROVIDED
BANK A/C DR 1,01,124
PARTY Z A/C CR 101,124
BEING PAYMENT RECEIVED SUBJECT TO TDS
TDS RECEIVABLE A/C DR 11,236
PARTY Z A/C CR 11,236
BEING TDS CERTIFICATE DUE FROM Z
| Is This Answer Correct ? | 5 Yes | 8 No |
i am work in partnership firm. i recd. the bill of security charges & Labour charge contain service tax. whose amount will be taken for tds deduction befor service tax or after service tax.pls guide me what's will be the entry of these transaction.
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
D form isse quartly or yearly by gov.?
how to calculate cst. give me example
ON WOODEN FURNITURE EXCISE IS APPLICABLE OR NOT ?
HOW TO TREATMENT OF SERVICE TAX ( WHAT INPUT & OUTPUT ADGUSTMENT SAME AS A dvat)
What are allowable and dis-allowable expenditure?
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
different types of form in which purpose used that is 403,402, c form, d form e1 form, f form, h form, e2 form
From Buyer's point of view, In Interstate purchase to save tax we issue "C" form but at the same time can u tell me by allowing issuing "c" form govt bearing any losses in collection of taxes. e.g.while giving c form i only pay 2% instead of 12.5% the is it loss to govt of 10.5%, if yes then why govt. allowing "c" form, pls explain.
vat return dates for uttrakhand
What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.