TDS
This query is : Resolved
Mrityunjay
(Querist)
06 May 2011
Hi, All
I have deducted tds in advacne and paid to govt
how to adjust in bill
kindly guide me
Mrityunjay
I have deducted tds in advacne and paid to govt
how to adjust in bill
kindly guide me
Mrityunjay
CA Navin Jain
(Expert)
06 May 2011
at the time of payment u have made the following entry
party- dr-100
to bank-90
to tds-10
at the time of enter bill following entry to be made
expenses- dr-100
to party-100
party- dr-100
to bank-90
to tds-10
at the time of enter bill following entry to be made
expenses- dr-100
to party-100
Mrityunjay
(Querist)
06 May 2011
we have paid only 50% eg,
Advance amt: 60000
TDS 2% 1200 which is paid to govt
i have received final bill ie Rs /- 100000
how to adjust to this bill
Advance amt: 60000
TDS 2% 1200 which is paid to govt
i have received final bill ie Rs /- 100000
how to adjust to this bill
CA Navin Jain
(Expert)
06 May 2011
exp- dr- 100000
to party-99200
to tds- 800
and
party -dr 39200
to bank- 39200
to party-99200
to tds- 800
and
party -dr 39200
to bank- 39200
Mrityunjay
(Querist)
06 May 2011
but for 100000 2%is 2000
i need adjustment entry for this transction
guide me pls
i need adjustment entry for this transction
guide me pls
CA Navin Jain
(Expert)
06 May 2011
at the time of advance payment u have made the following entry
party- dr - 60000
to bank- 58800
to tds- 1200
now make following entry
exp- dr- 100000
to party-99200
to tds- 800
and
party -dr 39200
to bank- 39200
party- dr - 60000
to bank- 58800
to tds- 1200
now make following entry
exp- dr- 100000
to party-99200
to tds- 800
and
party -dr 39200
to bank- 39200
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