Entry for tds receivable
Mohammed Irfaz (Student CA IPC / IPCC) (42 Points)
28 June 2016Mohammed Irfaz (Student CA IPC / IPCC) (42 Points)
28 June 2016
anonymous
(student)
(750 Points)
Replied 28 June 2016
TDS receivable should be entered in books on raising of invoices only...
Now that you received amount now, you can take the TDS credit in current year.. However, this is a wrong method of accounting