banner_ad

Tds deducted by our vendor

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 October 2014 Kind Attn :Dear Sir/Mam

Pls adv:

Our Vendor has deducted TDS on us. Details as follows:

Amt to be paid to vendor.......
less Commission given to us by vendor........
TDS Deducted by vendor.........
Total Payable by us to vendor..........

Kindly explain the Dr and Cr entries.

Thanks

Gurvinder Singh
Profile Image

CA Devanand Jethanandani

Profile Image

CA Devanand Jethanandani (Expert)
20 October 2014 Lets say amount payable to vendor is Rs.10,000 and our commission is 10% on it.

Expense (mention a/c head) A/c. Dr. 10000
To vendor a/c. Cr.10000


Vendor a/c. Dr.900
TDS receivable Dr.100
To commission income a/c Cr.1000


Payment to be made to the vendor will be Rs.9100 (i..e. 10000-900)

Entry

Vendor a/c. Dr/9100
To bank a/c. Cr.9100


Thanks.
Profile Image

@VaibhavJ

Profile Image

@VaibhavJ (Expert)
20 October 2014 Agree with expert..

Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details