Income tax- tds
This query is : Resolved
07 September 2013
Thanks for the reply sir
I am correcting my text can you please see it sir
Eg. A provides service to B for Rs.30000 and B has paid the full amount i.e.,Rs.30000 without deducting TDS to A. Later again he has paid TDS amt to TDS Department as per rules for Eg.3000.
* Now how A has to account for Rs.3000 in Books of Accounts
And A has no option to raise the bill amount.
I am correcting my text can you please see it sir
Eg. A provides service to B for Rs.30000 and B has paid the full amount i.e.,Rs.30000 without deducting TDS to A. Later again he has paid TDS amt to TDS Department as per rules for Eg.3000.
* Now how A has to account for Rs.3000 in Books of Accounts
And A has no option to raise the bill amount.
07 September 2013
you can debit the TDS receivable and credit the B in the books of A. and pay back the amount to B
12 September 2013
Thanks for the reply sir.
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