Accounting effect for income n tds
This query is : Resolved
21 July 2012
Say my income for the year 2011-12 is Rs7000 n Rs. 700 TDS but i rec the money Rs. 6300 in year 2012-13 than wat will be the accounting entry for CA(folloing cash system) and what will be the tax effect for both the year.
21 July 2012
CASH / BANK A/C DR 6300
TDS RECEIVABLE A/C DR 700
TO INCOME A/C CR. 7000
TDS RECEIVABLE A/C DR 700
TO INCOME A/C CR. 7000
21 July 2012
Agreed with above.
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
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- Transporter Declaration form
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
