Tds on commission

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 November 2013 entry for commission due on which tds is deducted is

commission dr.- 100000
to tds - 10000
to sunder - 90000

can anybody pls tell me why to credit sunder because rule for personal a/c is
'DEBIT THE RECEIVER, CREDIT THE GIVER'

since sunder is the person to whom commmission is been given

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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22 November 2013 As per rule "Debit what comes in and credit what goes out"

actually bank/cash a/c should be credited but for time being its not paid therefore only for temporary purpose its due and not paid when its paid then entry will get reverse

Sunder a/c ....dr (Dr the receiever)
To bank a/c ( credit what goes out)

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2013 Thanx Sir

But its means 3 RULES of A/C not followed in every journal entry.

am i correct or not

and one more thing sir can you tell me whats the nature of TDS A/C

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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25 November 2013 The rule are not exactly followed as described but it can be used in any permutation or combination as applicable for any situation.

Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2013 Sir

But you didn't tell me the nature of TDS A/c

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