Who is deductor and deductee in following bill

What is TDS
Deductor TDS means Tax Deducted at Source
Deductee TDS is Deducted on Expenses
Person who deducts TDS is called Deductor
Person whose Tds is deducted is called Deductee
TAX INVOICE TDS Return is filled by Deductor

CA MANINDER SINGH AND ASSOCIATES Deductor gives TDS Certificate to Deductee

253 B 1/12 APSARA ARCADE
PUSA ROAD,NEW DELHI-110005 Learn more here
GSTIN No 07APAFD8365H1Z9 https://www.teachoo.com/premium/942/1647/Meaning-of-TDS/category/TDS-Basics/
Pan No. APAFD8365H
Bill to Place of Supply For Answer of this Question,Refer
INVOICE No Dated https://www.teachoo.com/premium/11571/1647/Invoice/category/TDS-Basics/
RK Electrical Works RK Electrical Works

A-240 Palam Vihar, Delhi A-240 Palam Vihar, Delhi

GSTIN No:-07BBUPS5612K1Z9 MSA-TI-02 1-Jul-18

Pan No:-BBUPS5612K
Description of Services SAC CODE Amount

Professional Services for Month of July 9982 100000

Total 100000

Taxable Value 100000

ADD CGST 9% 9% 9000

ADD SGST 9% 9% 9000

Total 118000.00
Amount Chargeable (in words)
Rupees One Lac Eighteen Thousand Only For CA Maninder Singh & Associates
Company's PAN: AAKFD6723D Authorised Signatory

Note-Please make cheques in favor of "CA Maninder Singh and

Associates"

Who will file TDS Challan and TDS Return?

Who will give TDS Certificate to whom?

Complete the following Table

Bill Issued Payment Made on TDS Deducted on TDS Deposited on

3/Jan/20 4/Jan/20
3/Jan/20 2/Jan/20
3/Jan/20 28/Dec/19
3/Mar/20 20/Apr/20
28-Dec-19 (30%)
3/Jan/20
09-Feb (70%)
28-Jan (10%)
17 Feb (30%)
3/Mar/20
09-June(50%)
09-Aug(10%)
TDS Deducted on
Bill
or
Payment
which is earlier

TDS is normally deposited on 7th of Next Month

But March TDS is Deposited on 30 april

Refer
https://www.teachoo.com/premium/5502/1647/Due-Dates/category/TDS-Basics/
 KHOSLA PROPERTIES PRIVATE LIMITED
Bill to:- RS Trading Pvt Ltd
PARTICULARS AMT
Commission Charges 60000

TOTAL 60000

IN BOOKS OF RS TRADING PVT LTD

CASE 1 Bill Received on 20 August for Commission Charges from Khosla Properties
Payment made on 17 Nov.
Pass entry for Bill Received and payment made (Assume no TDS)

Case 2
Bill Received on 20 August for Commission Charges from Khosla Properties.TDS Deducted @ 5%
Payment made on 17 Nov
Pass entry for Bill Received,TDS Deposited and payment made
Case 3 Suppose Whole Payment made in Advance after deducting TDS on 13 May
Bill received on 20 August of 60000
Pass entry for Advance Payment,TDS Deposited and Bill Received

Case 4 Suppose 30% Payment made in Advance after deducting TDS on 13 May
Bill received on 20 August of 60000
Balance Payment made on 19 Dec
Pass entry for Advance Payment,TDS Deposited and Bill Received

EXP WE HAVE TO SHOW OF FULL AMT BUT TD

REMAINING AMT WE HAVE TO PUT IN PARTY A

CONTRACT
AMT
TDS
NET
Case 5 Suppose cheque of 18000 Paid made in Advance after deducting TDS on 13 May
Bill received on 20 August of 60000
Balance Payment made on 19 Dec
Pass entry for Advance Payment,TDS Deposited and Bill Received

CONTRACT
AMT
TDS
NET
 Refer
https://www.teachoo.com/premium/5503/1647/Entries-Simple/catego

FIRST EXP THEN PAYMENT

IF NO TDS EXPENSE A/C DR.

TO PARTY A/C

PARTY A/C DR.

TO BANK A/C

IF TDS @ 10% EXPENSE A/C DR.

TO PARTY A/C
TO TDS

TDS A/C DR.

TO BANK A/C

PARTY A/C DR.

TO BANK A/C

Deducted @ 5%
W OF FULL AMT BUT TDS WE HAVE TO DEDUCT BALANCE
HAVE TO PUT IN PARTY ACCOUNT

ADVANCE BALANCE
ADVANCE BALANCE
3/1647/Entries-Simple/category/TDS-Basics/

THEN PAYMENT FIRST PAYMENT IN ADVANCE,THEN EXPENSE 20% PAYMENT IN ADVANCE,THEN EXPE

100000 PARTY A/C DR. 100000 PARTY A/C DR.

100000 TO BANK A/C 100000 TO BANK A/C

100000 EXPENSE A/C DR. 100000 EXPENSE A/C DR.

100000 TO PARTY A/C 100000 TO PARTY A/C

PARTY A/C DR.

TO BANK A/C

100000 PARTY A/C DR. 100000 PARTY A/C DR.

90000 TO BANK A/C 90000 TO BANK A/C
10000 TO TDS A/C 10000 TO TDS A/C

10000 TDS A/C DR. 10000 TDS A/C DR.

10000 TO BANK A/C 10000 TO BANK A/C

90000
90000 EXPENSE A/C DR. 100000 EXPENSE A/C DR.
TO PARTY A/C 100000 TO PARTY A/C
TO TDS A/C
(Exp pura amt dikhayenge,par tds balan
Remaining Party A/c main Daalenge)

PARTY A/C DR.

TO BANK A/C
(92000-20000)
CONTRACT
AMT 100000
TDS 10000
NET 90000
MENT IN ADVANCE,THEN EXPENSE,THEN BAL PAYMENT 20000 PAYMENT IN ADVANCE,THEN EXPENSE,THEN BAL PAYMENT

20000 PARTY A/C DR. 20000

20000 TO BANK A/C 20000

100000 EXPENSE A/C DR. 100000

100000 TO PARTY A/C 100000

80000 PARTY A/C DR. 80000

80000 TO BANK A/C 80000

20000 PARTY A/C DR. 22222.22

18000 TO BANK A/C 20000
2000 TO TDS A/C 2222.222

2000 TDS A/C DR. 2222.222

2000 TO BANK A/C 2222.222

100000 EXPENSE A/C DR. 100000

92000 TO PARTY A/C 92222.22
8000 TO TDS A/C 7777.778
amt dikhayenge,par tds balance amt pe katenge (Exp pura amt dikhayenge,par tds balance amt pe katenge
g Party A/c main Daalenge) Remaining Party A/c main Daalenge)

72000 PARTY A/C DR. 70000

72000 TO BANK A/C 70000
92222-22222
ADV BALANCE CONTRACTADV BALANCE
20000 80000 AMT 100000 20000 80000
2000 8000 TDS 10000 2000 8000
18000 72000 NET 90000 18000 72000
ENSE,THEN BAL PAYMENT

amt pe katenge
 IN BOOKS OF RS TRADING PVT LTD
Our Company has Received Following Expense Bills
Assume Payment Made Same Day to Party

Jeevan Caterers PRICE WATERHOUSE COOPERS

Bill to:- RS Trading Pvt Ltd Bill to:- RS Trading Pvt Ltd
PARTICULARS AMT PARTICULARS
Catering Service 50000 Audit Fees
Cgst 2.5% 1250 Cgst 9%
Sgst 2.5% 1250 SGST 9%
TOTAL 52500 TOTAL

CASE 1 Pass Entry Assuming No TDS

(As per GST Rule,Input Tax Credit (ITC) is available on Audit fees but not available on food and catering se

Case 2 Pass Entry Assuming TDS Applicable @ 2% on Catering and 10% on Audit fees
(As per GST Rule,Input Tax Credit (ITC) is available on Audit fees but not available on food and catering se
 ENTRIES WITH GST
If No ITC If ITC Avaialble

WATERHOUSE COOPERS If No TDS Exp Dr Exp Dr

RS Trading Pvt Ltd To Party Input CGST
AMT Input SGST
40000 To Party
3600
3600
47200 IF TDS applicable Exp Dr Exp Dr
To Party Input CGST
To TDS Input SGST
To Party
To TDS

Refer
able on food and catering services) https://www.teachoo.com/premium/11572/1647/Entries-GST/category/TDS-Basics/

able on food and catering services)

category/TDS-Basics/
Q1 MY COMPANY TAKES FOLLOWING PROPERTY ON RENT @ 30000 PER MONTH
IN WHICH CASE I DEDUCT TDS

CASE TDS Yes/no

I HAVE TAKEN A OFFICE ON RENT
I HAVE TAKEN A HOUSE ON RENT FOR MYSELF TO LIVE
I HAVE TAKEN A HOME ON RENT FOR MY EMPLOYEES

Q2 I START A NEW TRADING BUSINESS, IN FIRST YEAR MY TURNOVER IS 5 CRORE.

SHOULD I DEDUCT TDS ON VARIOUS EXPENSES IF

CASE YES/NO
I AM A COMPANY
I AM A PARTNERSHIP FIRM
I AM A PROPRIETORSHIP

Q3 NEXT YEAR, MY TURNOVER IS ONLY 70 LACS

SHOULD I DEDUCT TDS IF

CASE YES/NO
I AM A COMPANY
I AM A PARTNERSHIP FIRM
I AM A PROPRIETORSHIP

Q4 NEXT TO NEXT YEAR,MY TURNOVER IS 7 CRORE

SHOULD I DEDUCT TDS IF

CASE YES/NO
I AM A COMPANY
I AM A PARTNERSHIP FIRM
I AM A PROPRIETORSHIP
Q5 PROPRIETORSHIP (PROFESSIONAL)
A newly established CA Firm RK and Co (Proprietor Rajesh Aggarwal)takes office on Rent @ 30000 pm
Turnover in first year is 70 lacs
Should it deduct TDS ?
NORMALLY TDS IS NOT TO BE DEDUCTED ON PERSONAL PAYMENT
IT IS APPLICABLE ONLY IF WE ARE DOING BUSINESS

DO ALL BUSINESS HAVE TO DEDUCT TDS?

TDS Rules are Compulsory in case of
Company (Always)
Partnership (Always)
Propritorship(If last year turnover more than 2 Crores 1 Crore)

However for Professionals,turnover limit is 50 lacs instead of 1 Crore in Last year)

Refer
https://www.teachoo.com/premium/11574/1647/Tds-Deduction/category/TDS-Ba
office on Rent @ 30000 pm
NAL PAYMENT

stead of 1 Crore in Last year)

ds-Deduction/category/TDS-Basics/