Dividend income computation in tally

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propreitor
299 Points Posted on 10 September 2024

resp members

pls guide how to compute dividend tax in tally when deducted..

suppose i recd rs 6000 as dividend rs 600 got deducted and showing in 26 AS ...in Bank  I recd Rs 5400..

how to pass entry in tally head etc..and claim in end of year the tds...pls

regards

deepak

 

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On 10 September 2024 at 22:11 Report
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Quick Summary
This discussion explains how to correctly record dividend income and the associated Tax Deducted at Source (TDS) within Tally accounting software. It provides a clear journal entry to reflect the gross dividend received, the TDS deducted, and the net amount credited to your bank account. The guide also touches upon how this TDS can be adjusted against your final tax liability at year-end.

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492 Points Posted on 11 September 2024
Bank ac 5400
tds deducted account 600
to dividend received 6000
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On 11 September 2024 at 09:32
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propreitor
299 Points Posted on 11 September 2024

then in end of year we can adjust this tds recfeivable in withdrwals by paying tax so the entry gets settled

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On 11 September 2024 at 12:46
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Profession Business
28244 Points Posted on 11 September 2024
Dividend tax can be computed
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On 11 September 2024 at 23:09

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