banner_ad

Tds

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 March 2013 I have one query that
While receiving the amount under contract basis from a particular party, that particular party pays the amount after deducting the TDS. Whether can we claim that deduction made by that party.How this TDS amount accounted in our books of accounts??
Is it shown as an asset?

Pls someboby reply me soon Its urgent.





Profile Image

BITTU SHARMA

Profile Image

BITTU SHARMA (Expert)
18 March 2013 you should show this entry as per my view

when you book due entry

party a/c dr.
to sale/service name

when you receive payment

bank / cash a/c dr
tds a/c dr.

to party

and you should keep tds account under assets group
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 March 2013 Which entry shall i pass for TDS exactly.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details