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.
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
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Date
|
Description
|
Debit (Rs)
|
Credit (Rs)
|
01.07.2013
|
Advertising Charges
|
3,00,000
|
|
Designer Arts Pvt
Ltd.,
|
2,94,000
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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
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TDS on Advertising
Charges
|
3,000
|
||
09.07.2013
|
C&F Charges
|
60,000
|
|
Indian Shipping
services Pvt Ltd.,
|
58,800
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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
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TDS on Advertising
Charges
|
3,600
|
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TDS PAYABLE WORKING
SHEET (IT'S ONLY WORKING SHEET
FOR YOUR REF, NOT FOR
TALLY ENTRIES)
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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
|
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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
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BANK PAYMENT VOUCHERS
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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
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05.08.2013
|
TDS on Commission
Charges
|
4,000
|
|
ICICI Bank Ltd
|
4,000
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