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.
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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 |
709,001 690,388 940,645 46,435 16,651 8,316 755,436 707,039 948,961 3.17% 2.98% 2.53% 3.66% 1.31% 0.66% solve it
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