Tds
This query is : Resolved
18 October 2014
Sir,
TDS Claim from int. on loan is credited with intrest recieved A/C . so it affects the P/L A/C. It is Right or wrong ?
TDS Claim from int. on loan is credited with intrest recieved A/C . so it affects the P/L A/C. It is Right or wrong ?
18 October 2014
TDS on Int is not routed thru P&L A/c.
Entry for TDS receivables:
TDS on Int. A/c Dr..
.. To Int on Loan Receivables
Entry for Int ..
Int on Loan Receivables A/c dr..
..To Int on loan (Income) A/c
Entry for TDS receivables:
TDS on Int. A/c Dr..
.. To Int on Loan Receivables
Entry for Int ..
Int on Loan Receivables A/c dr..
..To Int on loan (Income) A/c
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