TDS
This query is : Resolved
sankar ponnan
(Querist)
25 June 2020
SIR
We are providing transport service and issue sale invoice for our service. The party will deduct tds in our payment. we account it
dr TDS
cr party name
but TDS ledger not closed. What are the entries required for tds ledger to be closed?
guide me pls
We are providing transport service and issue sale invoice for our service. The party will deduct tds in our payment. we account it
dr TDS
cr party name
but TDS ledger not closed. What are the entries required for tds ledger to be closed?
guide me pls
CA R SEETHARAMAN
(Expert)
25 June 2020
While filling ITR if you adjust TDS against income tax payable psss entry crediting TDS and debiting income tax.
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