Monday, June 3, 2013

TDS Transactions Entries Workings (Tutorial - 1)

Transactions No.1: 
01.05.2013: XYZ Company received a bill from M/s.Indian Shipping services Pvt Ltd., for 100,000 towards C&F Charges.
Transactions No.2: 
02.05.2013: XYZ Company received a bill from M/s.B.M.Shipping Services Ltd., for Rs.80,000 towards C&F Charges.
Transactions No.3: 
03.06.2013: XYZ Company paid TDS (under section 194C) of Rs.3,600/- through ICICI Bank (Cheque,  No: 123456) for the month of May 2013.

WORKINGS


Date

Description

Debit (Rs)

Credit (Rs)










TDS PAYABLE WORKING SHEET (IT'S ONLY WORKING SHEET
FOR YOUR REF, NOT FOR TALLY ENTRIES)
Date
Ledger
TDS Section
Amount
TDS Section wise Monthly payable
01.05.2013
TDS on C&F Charges
194 C Payment to Sub-Contractors
2,000

3,600
02.05.2013
TDS on C&F Charges
194 C Payment to Sub-Contractors
1,600

Date
Description
Debit (Rs)
Credit (Rs)




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