Tds entry

This query is : Resolved

Prakash kumar (Querist)
Follow

21 April 2015 Dear sir ,if party deducted tds but that amount not find in bank means if sales bill...40000 bank receipt .......38200 tds deducted ......800 but when i tally tds certificate with party ledger then that amount not in bank and in party ledger , then how to pass entry of tds in party ledger ? should i take entry like this tds a/c to cash is it correct to make tds entry ? tds

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

21 April 2015 Where is 1000rs gone... I think receipt is 39200 dear

Bank dr 39200
Tds dr 800
To party 40000
Will b the original entry

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

21 April 2015 Tds to cash will b completely wrong entry always..because you hadn't paid tds in cash and all...

Completely wrong

Prakash kumar

Prakash kumar (Querist)
Follow

21 April 2015 sir my above amountt taken for example my actual query is party deducted tds but the amount in which party deducted not in bank a/c , not in tally but in tds certificate then in this case what is the solution to make entry of tds ?

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

21 April 2015 Debit tds and credit party..

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Pranab Banerjee

Fredrick Samraj

BALU RAJADURAI

NICKOONJ VANANI

Purav Dholakia

Subscribe Now

Tds entry

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

GST CONSULTANCY

Senior Executive

Manager- Finance and Compliance

Accountant