Journal Entry
This query is : Resolved
23 July 2011
WE are making a payment on account of advance Rent for Three months as Security.Is there any Question of TDS Deduction?What Should be the Entry for the Documentation Fee made for the Stamp Papers Etc.
23 July 2011
No. it is nature of security deposit to the Landlord or House owner. need to be debited as Security deposit. No need to deduct TDS
Stamp papers & documentation can be debited Stamp duty,rates & taxes or Miscellaneous expenses
Stamp papers & documentation can be debited Stamp duty,rates & taxes or Miscellaneous expenses
23 July 2011
• The tax is to be deducted from the actual payment and there is no need of computing notional income in respect of a deposit given to the landlord. If the deposit is adjustable against future rent, the deposit is in the nature of advance rent subject to TDS.
23 July 2011
Documentation and stamp duty expenses to be debited to Account " Rate taxes & Fees" account,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Accounting treatment for Fixed Assets
- Is correct entry for FDs
- Interest on public Provident Fund
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
