TDS Receivable
This query is : Resolved
14 August 2010
What is the treatment of tds receivable relating to 2008-09 which had been received on 30-06-2009.If it had been received on 30-04-2010 then how it will be handled.
14 August 2010
Its calculated in 08-09 with advance Tax. not TDS Certificate recd. file it. it will be shown at the time of assessement.
Closing entry to be passed.
advance Tax provision DR*******
Profit & Loss Dr*******
Advance Tax Cr******
TDS receivable Cr*******
TCS Paid Cr*******
Self Assessement Tax Cr*******
Closing entry to be passed.
advance Tax provision DR*******
Profit & Loss Dr*******
Advance Tax Cr******
TDS receivable Cr*******
TCS Paid Cr*******
Self Assessement Tax Cr*******
Message likes :
1 times
14 August 2010
IT IS IMMATERIAL WHEN YOU HAVE RECEIVED THE TDS CERTIFICATE.IF TDS IS RELATING TO THE F. YEAR 2008-09 THEN TAKE THE CREDIT IN THAT YEAR.
YOU CAN SHOW TDS RECEIVABLE A.Y 2009-10 UNDER LOANS & ADVANCE
AND PASS THE ADJUSTMENT ENTRY AFTER ASSESSMENT
PROVISION FOR TAXATION ---------DR
TO ADVANCE TAX
TO TDS
TO SELF ASSESSMENT TAX.
YOU CAN SHOW TDS RECEIVABLE A.Y 2009-10 UNDER LOANS & ADVANCE
AND PASS THE ADJUSTMENT ENTRY AFTER ASSESSMENT
PROVISION FOR TAXATION ---------DR
TO ADVANCE TAX
TO TDS
TO SELF ASSESSMENT TAX.
Message likes :
2 times
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
