Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2013
hi sir...... my doubt is....when we raise invoice to a debtor....we include 'TDS receivble' in entry..... when we will have to deposit that TDS amount to govt.??
similarly, when creditor raise a invoice to us... we include 'TDS payble' in entry...... is the TDS payble will paid to creditor or to Govt.?? and when ew will have to pay?? plz help me sir.....
similarly, when creditor raise a invoice to us... we include 'TDS payble' in entry...... is the TDS payble will paid to creditor or to Govt.?? and when ew will have to pay?? plz help me sir.....
24 December 2013
1. For TDS receivable position in case of debtor, it is the debtor, and not you, who has to deduct taxes and deposit it with government. The receivable entry is created for TDS credit.
2. In case of creditors, you need to deduct and deposit the taxes with government.
2. In case of creditors, you need to deduct and deposit the taxes with government.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- SALE BILL AGAINST GOODS RETURN
- Loan by Partnership Firm
- LTCG for Assmt year 26-27
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
