How to pass tds entry on cash withdrawal?
This query is : Resolved
13 July 2021
Mr Expert
My company has withdrawn cash above 20 lakhs, due to delay in filing ITR from the bank by two years, the bank has deducted 2%(1360) TDS separately on 68000 cash, showing the credit in 26AS, it has to be claimed in its entry book in 2020-21 How to pass This entry?
My company has withdrawn cash above 20 lakhs, due to delay in filing ITR from the bank by two years, the bank has deducted 2%(1360) TDS separately on 68000 cash, showing the credit in 26AS, it has to be claimed in its entry book in 2020-21 How to pass This entry?
13 July 2021
Debit income tax TDS
Credit bank account
Credit bank account
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