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tds on rent

Kumar Gaurav (Going...to be C.A soon...) (1624 Points)

01 October 2007

hi all

our h.o pays tds on behalf of branch and branch shows exp. in his books (rent) so, how to shows entire entries in h.o and branch books

plz suggest me

sunny

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5 Replies

Geetanjali (Practice) (99 Points)
Replied 01 October 2007

In the books of H.O. Branch A/c Dr.(with TDS Amt.) To Bank Branch Books Rent Dr. To Party To TDS TDS Dr. To H.O.

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CMA Gul S (Program Manager) (5910 Points)
Replied 01 October 2007

In the books of H.O. Branch A/c Dr.(with TDS Amt.) To Bank Branch Books Rent Dr. (Gross Amount) To Party (Net Amount After TDS) To TDS TDS Dr. To H.O.

CA. Dashrath Maheshwari (TaXpert) (15103 Points)
Replied 01 October 2007

In Branch Books: Rent A/c Dr (by Total Amount) To HO (By TDS Amount) To Party/cash/bank (By Balance Amount) In HO Books: Branch Account Dr. (TDS Amount) To TDS Payable/Bank/Cash If HO and Branch both are having saperate PAN then entries will be different

CA.Saibaburao Nanduri (Chartered Accountant) (3847 Points)
Replied 02 October 2007

Dear Mr. Gaurav ! Ms Geethanjali, Mr. Gul & Mr. Dashrath Maheswari aptly and accurately pointed out the required entries. Mr. Dashrath Maheswari, you have wrongly stated as 'PAN' instead of 'TAN'..! may be typing error..