TDS Entry
This query is : Resolved
15 May 2010
Sir,
When will I take entry of TDS i.e.,bill raise or payment made ?
(1) Brokerage A/c Dr. 15000
TDS Payable A/c Cr. 1500
Deductee A/c Cr. 13500
(2) Deductee A/c Dr. 13500
Bank A/c Cr. 13500
OR,
(a) Brokerage A/c Dr. 15000
Deductee A/c Cr. 15000
(b) Deductee A/c Dr. 15000
TDS Payable A/c Cr. 1500
Bank A/c Cr. 13500
When will I take entry of TDS i.e.,bill raise or payment made ?
(1) Brokerage A/c Dr. 15000
TDS Payable A/c Cr. 1500
Deductee A/c Cr. 13500
(2) Deductee A/c Dr. 13500
Bank A/c Cr. 13500
OR,
(a) Brokerage A/c Dr. 15000
Deductee A/c Cr. 15000
(b) Deductee A/c Dr. 15000
TDS Payable A/c Cr. 1500
Bank A/c Cr. 13500
16 May 2010
both the entries are having same impact, but i will go for the second one, bcz it will help at the time of filing of TDS return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
