Journal Entries For TDS

You have to record the below journal entries for TDS in your company books of
accounts.

TDS on Professional Charges – 194J

Audit Fee A/c Dr

CGST A/c Dr

SGST A/c Dr

To TDS on Professional Charges (194J) A/c

To Vendor A/c

TDS Payment Entry

TDS on Professional Charges (194J) A/c Dr

To Bank A/c

Interest on Late Payment of TDS (Assume, TDS is paying after due

date)
TDS on Professional Charges (194J) A/c Dr

Interest A/c Dr (10,000 X1.5/100)

To Bank A/c

TDS on Commission Charges – 194H

Commission Charges A/c Dr

CGST A/c Dr

SGST A/c Dr

To TDS on Commission (194H) A/c

To Vendor A/c

Payment to Vendor Entry

 Vendor A/c Dr

To Bank A/c

TDS Payment Entry

TDS on Commission (194H) A/c Dr

To Bank A/c

TDS on Rent – 194I

Rent Expenses A/c Dr

CGST A/c Dr

SGST A/c Dr

To TDS on Rent (194I) A/c

To Vendor A/c

TDS Payment Entry

TDS on Rent (194I) A/c Dr

To Bank A/c

TDS on Payment to Contractor – 194C

Job Work Charges A/c Dr

CGST A/c Dr

SGST A/c Dr

To TDS on Contractors (194C) A/c

To Vendor A/c

TDS Payment Entry

TDS on Rent (194I) A/c Dr

To Bank A/c