TDS Transactions Entries Workings (Tutorial - 2)
TRANSACTIONS
Transactions No.1:
01.06.2013: XYZ Company received a bill from M/s.Rock Financial services Pvt Ltd., for Rs.45,000 towards Interest charges for Loan Account No.15852.
Transactions No.2:
01.06.2013: XYZ Company received a bill from M/s.Kanna Financial services Pvt Ltd., for Rs.38,000 towards Interest charges for Loan Account No.BD52145.
Transactions No.3:
02.06.2013: XYZ Company received a bill from M/s.Indian Shipping services Pvt Ltd., for 40,000 towards C&F Charges.
Transactions No.4:
02.06.2013: XYZ Company received a bill from M/s.B.M.Shipping Services Ltd., for Rs.55,000 towards C&F Charges.
Transactions No.5:
02.07.2013: XYZ Company paid TDS (under section 194A) of Rs.8,300/- through ICICI Bank (Cheque, No: 222222) for the month of June 2013.
Transactions No.6:
02.07.2013: XYZ Company paid TDS (under section 194C) of Rs.1,900/- through ICICI Bank (Cheque, No: 444444) for the month of June 2013.
WORKINGS
JOURNALVOUCHERS
|
Date
|
Description
|
Debit
(Rs)
|
Credit
(Rs)
|
|
01.06.2013
|
Interest on Loans
|
45,000
|
|
|
Rock Financial services Pvt Ltd.,
|
40,500
|
||
|
TDS on Interest on Loans
|
4,500
|
||
|
01.06.2013
|
Interest on Loans
|
38,000
|
|
|
M/s.Kanna Financial services Pvt
Ltd.,
|
34,200
|
||
|
TDS on Interest on Loans
|
3,800
|
||
|
02.06.2013
|
C&F Charges
|
40,000
|
|
|
Indian Shipping services Pvt Ltd.,
|
39,200
|
||
|
TDS on C&F Charges
|
800
|
||
|
02.06.2013
|
C&F Charges
|
55,000
|
|
|
B.M.Shipping Services Ltd.,
|
53,900
|
||
|
TDS on C&F Charges
|
1,100
|
TDS PAYABLE WORKING SHEET (TDS PAYABLE WORKING
SHEET (IT'SONLY WORKING SHEET FOR YOUR REF, NOT FOR
TALLY ENTRIES)
|
Date
|
Ledger
|
TDS
Section
|
Amount
|
TDS
Section wise Monthly payable
|
|
01.06.2013
|
TDS on Interest on Loans
|
194A Interest other than Interest
on securities
|
4,500
|
8,300
|
|
01.06.2013
|
TDS on Interest on Loans
|
194A Interest other than Interest
on securities
|
3,800
|
|
|
02.06.2013
|
TDS on C&F Charges
|
194 C Payment to Sub-Contractors
|
800
|
1,900
|
|
02.06.2013
|
TDS on C&F Charges
|
194 C Payment to Sub-Contractors
|
1,100
|
|
|
Total
TDS Payable for the Month of June-2013
|
10,200
|
|||
BANK PAYMENT VOUCHERS
|
Date
|
Description
|
Debit
(Rs)
|
Credit
(Rs)
|
|
02.07.2013
|
TDS on Interest on Loans
|
8,300
|
|
|
ICICI Bank Ltd
|
8,300
|
||
|
02.07.2013
|
TDS on C&F Charges
|
1,900
|
|
|
ICICI Bank Ltd
|
1,900
|
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