TDS JOURNEL ENTRY
This query is : Resolved
Quick Summary
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
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- Cash balance limit and property purchases limit
- Bank details not Visible on Traces Portal
- TDS ON EMAIL DOMAIN SERVICE BILL
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
