Monday, June 3, 2013

TDS Transactions Entries Workings (Tutorial - 3)

Transactions No.1:
01.07.2013: XYZ Company received a bill from M/s.Designer Arts Pvt Ltd., for Rs. 3,00,000 towards Advertising Services provided charges.

Transactions No.2:
03.07.2013:XYZ Company received a bill from M/s.Kanna Financial services Pvt Ltd., for Rs.52,000 towards Interest charges for Loan Account No.BD52145.

Transactions No.3:
06.07.2013: XYZ Company received a bill from M/s.Digital A7 Pvt Ltd., for Rs. 1,50,000 towards Advertising Services provided charges.

Transactions No.4:
09.07.2013: XYZ Company received a bill from M/s.Indian Shipping services Pvt Ltd., for 60,000 towards C&F Charges.

Transactions No.5:
13.07.2013: XYZ Company received a bill (No.555) from M/s.Anjali Enterprises towards Commission Charges - Rs. 40,000

Transactions No.6:
16.07.2013: XYZ Company received a bill from M/s. Billa Publishers Pvt Ltd., for Rs. 1,80,000 towards Advertising Services provided charges.

Transactions No.7:
05.08.2013: XYZ Company paid TDS (under section 194A) of Rs.5,200/- through ICICI Bank (Cheque,  No: 666666) for the month of July 2013.

Transactions No.8:
05.08.2013: XYZ Company paid TDS (under section 194C) of Rs.13,800/- through ICICI Bank (Cheque,  No: 555555) for the month of July 2013.

Transactions No.9:
05.08.2013: XYZ Company paid TDS (under section 194H) of Rs.4,000/- through ICICI Bank (Cheque,  No: 777777) for the month of July 2013.


 
JOURNALVOUCHERS


Date
Description
Debit (Rs)
Credit (Rs)
01.07.2013
Advertising Charges
3,00,000

Designer Arts Pvt Ltd.,

2,94,000
TDS on Advertising Charges

6,000
03.07.2013
Interest on Loans
52,000

Kanna Financial services Pvt Ltd.

46,800
TDS on Interest on Loans

5,200
06.07.2013
Advertising Charges
1,50,000

Digital A7 Pvt Ltd.,

1,47,000
TDS on Advertising Charges

3,000
09.07.2013
C&F Charges
60,000

Indian Shipping services Pvt Ltd.,

58,800
TDS on C&F Charges

1,200
13.07.2013
Commission Charges
40,000

Anjali Enterprises

36,000
TDS on Commission Charges

4,000
16.07.2013
Advertising Charges
1,80,000

Billa Publishers Pvt Ltd.,

1,76,400
TDS on Advertising Charges

3,600


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


01.07.2013
TDS on Advertising Charges
Payment to Contractors (Advertisement Contractors) – 194C
6,000
13,800


06.07.2013
TDS on Advertising Charges
Payment to Contractors (Advertisement Contractors) – 194C
3,000


16.07.2013
TDS on Advertising Charges
Payment to Contractors (Advertisement Contractors) – 194C
3,600


09.07.2013
TDS on C&F Charges
Payment to Sub-Contractors - 194 C
1,200


03.07.2013
TDS on Interest on Loans
Interest other than Interest on securities - 194A
5,200
5,200


13.07.2013
TDS on Commission Charges
Commission or Brokerage – 194H
4,000
4,000


Total TDS Payable for the Month of July-2013
23,000




BANK PAYMENT VOUCHERS


Date
Description
Debit (Rs)
Credit (Rs)
05.08.2013
TDS on Interest on Loans
5,200

ICICI Bank Ltd

5,200
05.08.2013
TDS on Advertising Charges
13,800

ICICI Bank Ltd.,

13,800
05.08.2013
TDS on Commission Charges
4,000

ICICI Bank Ltd

4,000

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