TDS treatement
This query is : Open
26 April 2017
In case of partnership firm what will be the treatement of TDS deducted by the firm of clients?
27 April 2017
1st TDS should be should as liability and than TDS should be deposited to government by the following month i.e. by 7th.
Message likes :
1 times
27 April 2017
in any case can tds be shown in capital account?
27 April 2017
No TDS can not be shown in capital account.
Message likes :
1 times
27 April 2017
i am going for an audit of a partnership firm. the accountant has transferred tds collected to the capital account.
27 April 2017
What do you mean by TDS collected..??
27 April 2017
i mean the tds which has been deducted by the firm
27 April 2017
TDS deducted will be shown under liability head and at the time of payment it will be nullified.. You are required to change the entry passed in capital account.
27 April 2017
ok.. thank you so much
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
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- 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
