Hi experts,
My company has given 2L to our auditor for filing & paying the TDS for PT, Rent & Contractor.
Now my question is how to pass the entry for that?
Taking TDS on Rent as an example:
1. Entry of expenses
Rent A/c Dr. 100
To TDS Payable 10
To Landlord A/c 90
2. Payment of tax to CA. (Pooling A/c)
CA A/c Dr. (say 2 lakh consolidated)
To Bank A/c
3. Tax payment entry
TDS Payable Dr. 10
To CA A/c 10
Similarly you will pass all the other entries for payment of taxes via CA. The balance remaining in the CA. A/c should be his professional fees.
Then, Professional/Audit/Filing Fees A/c Dr.
(as the case may be)
To CA A/c
Now, CA. A/c should be equal…
CAclubindia
