Rent paid
This query is : Resolved
20 January 2015
if rent paid with service tax
than how can enty in books
tds sevice tax payment
exp book
i think
rent a/c dr
service dr
tds cr
party cr
please clear
party cr
20 January 2015
Dear Vikas Jha,
For, eg. if we pay 10,000 as rent. the following entries will be passed in the books of accounts.
Rent A/c Dr. 10,000
Input Service Tax Dr.1236
To TDS Payable Cr.1000
To Bank Cr. 10236
TDS payable Dr. 1000
To Bank Cr. 1000
Thanks
Jayesh
Dear Vikas Jha,
For, eg. if we pay 10,000 as rent. the following entries will be passed in the books of accounts.
Rent A/c Dr. 10,000
Input Service Tax Dr.1236
To TDS Payable Cr.1000
To Bank Cr. 10236
TDS payable Dr. 1000
To Bank Cr. 1000
Thanks
Jayesh
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