TDS JOURNEL ENTRY
This query is : Resolved
22 September 2022
Hello sir, I have query..... we paid the commission 20,000/- and by mistake we did the full payment without any deduction,, next payment we deduct the above tds amount also. what's pass the entry?
1)
COMMISSION PAID A/C DR 20000
SHORT & EXCESS A/C DR 1000
TO BANK A/C 20000
TO TDS 10000
2) NEXT PAYMENT ENTRY
COMMISSION PAID A/C DR 15000
TO BANK A/C 13250
TO TDS A/C 750
TO SHORT & EXCESS A/C 1000
It is entry right or worng?
1)
COMMISSION PAID A/C DR 20000
SHORT & EXCESS A/C DR 1000
TO BANK A/C 20000
TO TDS 10000
2) NEXT PAYMENT ENTRY
COMMISSION PAID A/C DR 15000
TO BANK A/C 13250
TO TDS A/C 750
TO SHORT & EXCESS A/C 1000
It is entry right or worng?
22 September 2022
1) COMMISSION PAID A/C DR 20000
TO BANK A/C 20000
2) NEXT PAYMENT ENTRY COMMISSION PAID A/C DR 15000
TO BANK A/C 13250
TO TDS A/c 1750
That's the entry.
TO BANK A/C 20000
2) NEXT PAYMENT ENTRY COMMISSION PAID A/C DR 15000
TO BANK A/C 13250
TO TDS A/c 1750
That's the entry.
22 September 2022
but sir first entry is april month( tds deposit ) and second entry is july month . What should i do
22 September 2022
No problem in passing the entry but pay interest for late deduction of TDS
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
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Gift of mutual fund units to daughter
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Section 194JA & JB Income which ITR Form to use
- 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
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
