Tds entry

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This query is : Resolved

Prakash kumar (Querist)

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)

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)

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)

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)

21 April 2015 Debit tds and credit party..

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