Tds calculation

Varaprasad (Self Employed) (34 Points)

12 June 2012  

Dear Experts,

We are paying house rent Rs.50,000/- (Net payment) per month excluding TDS to a resident indian by way of cheque since Oct, 2011. Now, we need to make entries in books of accounts for FY 2011-12  for these payments. 

Can you please let me know, the reverse entry to calculate TDS amount and gross rent amount ?

Thank you,