A/cing of yearend provision with tds effect to vendor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 April 2014
what will be the entry(es) of Year end Provision with TDS deduction and TDS effects to be given to vendor for non-receipt of Actual Invoices?
27 April 2014
1.,,,,,,,,,,,Expenses Account Dr.
To Prov. for Exp./Exp Payable
TO TDS Payable A/C Dr.
(Being Provision made for ....Exp for the month of MArch'14)
2 Beginning of the Year
Prov for Exp. A/c Dr.
Party A/c Dr. (TDS Amount)
To PArty A/c (Full invoice Amt.)
3.And thn pass the entry of TDS payamen tand Party Payment
To Prov. for Exp./Exp Payable
TO TDS Payable A/C Dr.
(Being Provision made for ....Exp for the month of MArch'14)
2 Beginning of the Year
Prov for Exp. A/c Dr.
Party A/c Dr. (TDS Amount)
To PArty A/c (Full invoice Amt.)
3.And thn pass the entry of TDS payamen tand Party Payment
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 April 2014
How can we give the credit of TDS deducted to vendor at the time of provision?
28 April 2014
We are not giving credit of TDS, We are making Provision for tDS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- Gift of mutual fund units to daughter
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
