Tds

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Neeta (Querist)
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10 February 2012 If we are deducting payment from commission payable to a individual, it is necessary that in the books of accounts we need to credit ( creat leder of the individuals ) or can pass entry in sundry creditors

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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11 February 2012 your query not clear about the commission nature whether expenses or income, so if the commission is income for you, need to credit income , if expenses nature then need to debit expenses

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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11 February 2012 please elaborate the query if it is related to TDS

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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12 May 2012 Sundry Creditors is a group. You should create separate ledger for each and every creditor for better control and monitoring.

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