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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
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Answer Posted / 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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