Entry for TDS of branch paid by HO
This query is : Resolved
CA Abhishek Singh
(Querist)
19 October 2010
our client pvt ltd company has its branch in surat.
TAN No. is in the the HO name.
Therefore tds is paid by HO
following entry is passed
TDS branch dr
to Bank
is this entry correct.
TAN No. is in the the HO name.
Therefore tds is paid by HO
following entry is passed
TDS branch dr
to Bank
is this entry correct.
CMA Ramesh Krishnan
(Expert)
19 October 2010
In HO follwing entry
Dr: Branch a/c
Cr: Bank a/c
If the TDS ledger maintained centralised first you pass transfer entry
Dr: Branch a/c
Cr: TDS payable a/c
for payment
Dr: TDS payable a/c
Cr: Bank a/c
Dr: Branch a/c
Cr: Bank a/c
If the TDS ledger maintained centralised first you pass transfer entry
Dr: Branch a/c
Cr: TDS payable a/c
for payment
Dr: TDS payable a/c
Cr: Bank a/c
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