Late fees TDS Interest
This query is : Resolved
Quick Summary
21 February 2020
Dear Expert,
How can we pass Late interset tds journal entry
How can we pass Late interset tds journal entry
CA Akshay Jangid
(Expert)
21 February 2020
Interest on TDS a/c Dr.
To Bank a/c
To Bank a/c
05 May 2020
Yes...Interest on TDS needs to be debited as it is an expenses for the business organisation and Cash/Bank needs to be credited.
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