PASS THE JOURNAL ENTRIES IN THE BOOKS OF REIKO PVT LTD.
1. Rent of Office paid to A LTD. – 89600. TDS deducted @ 10%. 192A Threshold – 20000.
2. Paid Interest on Securities – 144000. Threshold – 5000, 193 @ 10%.
3. Dividend paid 5300. TDS Deducted @ 10%. 194, Threshold – 5000.
4. M, a contractor, was hired for remodelling. Payment made to him – 32650. TDS Deducted @ 1%. 194C.
Threshold – 30000.
5. Insurance Commission Paid to S LTD., a domestic company – 21300. TDS Deducted @ 10%. 194D Threshold –
15000.
6. Payment made to FIFA, a non-resident sports association – 104900. TDS @ 20.8%. 194E No Threshold.
7. Repurchased units of UTI – 86950. TDS @ 20%. No Threshold.
8. Commission Paid to X Lottery Inc. on sale of lottery tickets. – 16100. TDS @ 5%. 194G. Threshold 15000.
9. Brokerage Paid – 17900. TDS @ 5%. 194H Threshold 15000.
10. Rent paid on Plant and Machinery to K – 256850. TDS @ 2%. 194I(A) Threshold 240000.
11. Paid L Kumar & Associates, a CS Firm for professional services — 33650. TDS @ 10%. 194J. Threshold –
30000.
12. Paid to G, a director of the company – 41660 as remuneration. Threshold – 30000 TDS @ 10% 194J.
13. Paid Interest on loan borrowed from SBM Bank, a foreign institution -24560, TDS @ 4%, No Threshold.
14. Make TDS Payment for the following Sections—
a. 192A
b. 194J
c. 194C
TAN of the Company — CALD18998G, Use PAN — AXBPP5584J for all parties.
PASS THE JOURNAL ENTRIES IN THE BOOKS OF REIKO PVT LTD.-
1. Rent of Office paid to A LTD. – 89600. TDS deducted @ 10%. 192A Threshold – 20000.
2. Paid Interest on Securities – 144000. Threshold – 5000, 193 @ 10%.
3. Dividend paid 5300. TDS Deducted @ 10%. 194, Threshold – 5000.
4. M, a contractor, was hired for remodelling. Payment made to him – 32650. TDS Deducted @ 1%. 194C.
Threshold – 30000.
5. Insurance Commission Paid to S LTD., a domestic company – 21300. TDS Deducted @ 10%. 194D Threshold –
15000.
6. Payment made to FIFA, a non-resident sports association – 104900. TDS @ 20.8%. 194E No Threshold.
7. Repurchased units of UTI – 86950. TDS @ 20%. No Threshold.
8. Commission Paid to X Lottery Inc. on sale of lottery tickets. – 16100. TDS @ 5%. 194G. Threshold 15000.
9. Brokerage Paid – 17900. TDS @ 5%. 194H Threshold 15000.
10. Rent paid on Plant and Machinery to K – 256850. TDS @ 2%. 194I(A) Threshold 240000.
11. Paid L Kumar & Associates, a CS Firm for professional services — 33650. TDS @ 10%. 194J. Threshold –
30000.
12. Paid to G, a director of the company – 41660 as remuneration. Threshold – 30000 TDS @ 10% 194J.
13. Paid Interest on loan borrowed from SBM Bank, a foreign institution -24560, TDS @ 4%, No Threshold.
14. Make TDS Payment for the following Sections—
a. 192A
b. 194J
c. 194C
TAN of the Company — CALD18998G, Use PAN — AXBPP5584J for all parties.
