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Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2012 I Have some Opening Debtor balance (ON GROSS ) & in this TDS is not deducted in the previous year account but these TDS is deposited to Govt. of india Now, these debtor is received in the Current year & I have the J.E. in tally is

Bank A/c Dr
TDS Receibale A/C Dr
To Sundry Debtor A/C

Now, how can adjust these "TDS receiable" in the Current Year

Somebody Please Give me Answer

@VaibhavJ

@VaibhavJ (Expert)

28 December 2012 Hi

Rilli nice query, This TDS is nothing but the advance tax paid.

So on receipt of TDS certificated / issuance of TDS certificate by Debtors, you can transferred amount to TDS - Advance Tax FY 2012-13 A/c by passing JV.

Hope this clears your doubts.

Thanks!!

Querist : Anonymous

Querist : Anonymous (Querist)

08 January 2013 Thank's for giving Answer

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