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.
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: 02.05.2013: XYZ Company received a bill from M/s.B.M.Shipping Services Ltd., for Rs.80,000 towards C&F Charges.
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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