Tds
This query is : Resolved
19 July 2013
Dear experts
Please explain me TDS Entry :- for example
i have done the work for Rs.1,00,000/- i have
received the payment from party Rs.98,000/-
Rs.1000/- for TDS & Rs.1000/- for Retain money , please explain me what is entry for me.
Please explain me TDS Entry :- for example
i have done the work for Rs.1,00,000/- i have
received the payment from party Rs.98,000/-
Rs.1000/- for TDS & Rs.1000/- for Retain money , please explain me what is entry for me.
Ganeshbabu K
(Expert)
19 July 2013
1)Ganesh babu k A/C Dr. 1 Lakh
To Work charges 1Lakh
(being invoice raised to ganeshbabu k for work charges)
2)TDS receivable A/c Dr.2000
Cash/Bank A/c Dr.98000
To Ganesh babu k A/c 1 Lakh
(being amount received for inv.xxx)
To Work charges 1Lakh
(being invoice raised to ganeshbabu k for work charges)
2)TDS receivable A/c Dr.2000
Cash/Bank A/c Dr.98000
To Ganesh babu k A/c 1 Lakh
(being amount received for inv.xxx)
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