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Querist : Anonymous (Querist)
03 February 2012 IF I PAY RENT TO A PERSON INCLUDING SERVICE TAX AND TDS HAS TO BE DEDUCTED THAT WHAT WOULD BE THE JOURNAL ENTRY PLEASE EXPLAIN WITH EXAMPLE
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
03 February 2012 Rent account .. Dr 100
To TDS on rent payable Cr. 10
To Bank Cr. 90
(In this case service tax input is not claimed)

Rent account .. Dr 90
Service tax input Dr. 10
To bank Cr.90
To TDS on rent payable Cr.10
(In this case service tax input is claimed.)

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