TDS Transactions workings
Transactions
I hereby prepared workings for the above transactions. It is just for your reference. Just keep the following workings in your mind. It's very helpful, when you are recording TDS Transactions in Tally.
Best Regard
G.S.VASU
1) 01.05.2013: XYZ Company received a bill from M/s.Indian Shipping services pvt ltd., for 100,000 towards C&F Charges.
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.
3) 03.05.2013: XYZ Company received a bill from Mr.A.Kumar for Rs.60,000 towards sales commission charges.
4) 06.05.2013: XYZ Company received a bill from M/s.P.V.Rao & Co. Ltd., for Rs.89,000 towards Consultant Charges.
5) 06.05.2013: XYZ Company received a bill from M/s.Reliance Financial services Ltd., for Rs.96,000 towards interest charges.
6) 08.05.2013: XYZ Company received a bill from M/s.Kanna Financial services pvt ltd., for Rs.38,000 towards Interest charges.
7) 09.05.2013: XYZ Company received a bill from M/s.Rock Financial services pvt ltd., for Rs.45,000 towards Interest charges.
8) 10.05.2013: XYZ Company received a bill from Mr.K.Sundar for Rs.99,000 towards commission charges.
9) 11.05.2013: XYZ Company received a bill from M/s.C.P.chartered services pvt ltd.,for Rs.52,000 towards Consultant charges.
Payment No: 1
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.
Payment No: 2
03.06.2013: XYZ Company paid TDS
(under section 194A) of Rs.17,900/- through ICICI Bank (cheque, No: 223456) for the month of May 2013.
Payment No: 3
03.06.2013: XYZ Company paid TDS
(under section 194H) of Rs.15,900/- through ICICI Bank (cheque, No: 323456) for the month of May 2013.
Payment No: 4
03.06.2013: XYZ Company paid TDS
(under section 194J) of Rs.14,100/- through ICICI Bank (cheque, No: 423456) for the month of May 2013.I hereby prepared workings for the above transactions. It is just for your reference. Just keep the following workings in your mind. It's very helpful, when you are recording TDS Transactions in Tally.
Date
|
Description
|
Debit (Rs)
|
Credit (Rs)
|
TDS PAYABLE WORKING SHEET
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
|
|
03.05.2013
|
TDS on Sales Commission Exp
|
194 H Commission or Brokerage
|
6,000
|
15,900
|
10.05.2013
|
TDS on Sales Commission Exp
|
194 H Commission or Brokerage
|
9,900
|
|
06.05.2013
|
TDS on Consultant charges
|
194J Fees for Professional
or Technical services
|
8,900
|
14,100
|
11.05.2013
|
TDS on Consultant charges
|
194J Fees for Professional
or Technical services
|
5,200
|
|
06.05.2013
|
TDS on Interest on Loans
|
194A Interest other than Interest on securities
|
9,600
|
17,900
|
08.05.2013
|
TDS on Interest on Loans
|
194A Interest other than Interest on securities
|
3,800
|
|
09.05.2013
|
TDS on Interest on Loans
|
194A Interest other than Interest on securities
|
4,500
|
|
Total TDS Payable for the Month of May-2013
|
51,500
|
|||
You can pay one Payment for One TDS Section. So you must have pay four separate payments.
Date
|
Description
|
Debit (Rs)
|
Credit (Rs)
|
G.S.VASU
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