How do I make deduction entry of Salary on which no TDS is made..
So as to show this in form 16.
Menu
Entry of salary without TDS
Replies (7)
Each Employees a/c. Dr
To TDS payable on salaries. a/c
when TDS is paid
TDS payable on salaries. a/c. Dr
To Bank a/c
To TDS payable on salaries. a/c
when TDS is paid
TDS payable on salaries. a/c. Dr
To Bank a/c
Salary a/c dr
to Salary payable a/c
Salary payable a/c dr
to Bank a/c
If TDS is deducted then
TDS a/c dr
Salary a/c dr
to Salary payable a/c
to TDS payable a/c
TDS payable a/c dr
Salary payable a/c dr
to TDS a/c
to Salary a/c
to Salary payable a/c
Salary payable a/c dr
to Bank a/c
If TDS is deducted then
TDS a/c dr
Salary a/c dr
to Salary payable a/c
to TDS payable a/c
TDS payable a/c dr
Salary payable a/c dr
to TDS a/c
to Salary a/c
Mr. Sourav the question is
How do I make deduction entry of Salary on which no TDS is made..
So as to show this in form 16.
for that you have answered TDS deductable at the time of salaries payable
How do I make deduction entry of Salary on which no TDS is made..
So as to show this in form 16.
for that you have answered TDS deductable at the time of salaries payable
I answered two entries one without deduction of TDS and other with deduction of TDS
I answer to the point, Even in my CA examinations also
| Originally posted by : RK | ||
 |
How do I make deduction entry of Salary on which no TDS is made..So as to show this in form 16. |  |
If no TDS, then why form 16?
If no TDS, than only part B of Form is applicable as computation of salary
Recent Threads
- SPOM FOR CA FINAL
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
Related Threads
CAclubindia
