Book entry in tds return


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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2012 What is mean by book entry in TDS return? Please tell in details when use yes or no? Why?

07 April 2012 When we just credit an amount at the year end but pay later it can be termed as book entry.
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Suppose interest credit to Mr X's A/c of Rs 25000/- by following Mercantile System. It's payment HAS YET NOT BEEN MADE TILL 31.03.2012.It will be called a Book entry and you have to tick it as yes.
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In case Rs. 25000/- has been even paid on 31.03.2012 then it is not a Book Entry.
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