hy every one
its simple to journalize the entry of tds
suppose an enterprises paid to a contractor rs. 10000 then its liabilitie of the enterprises to deduct tds
one question here that when to be deducted
when amt. paid to contractor then entry should be made
contractor a/c ...............................Dr. 10,000
To Bank A/c 9,797
To TDS Payable A/c 203
when tds paid to income tax department
TDS Payble A/c ..........................Dr. 203
To Bank A/c 203
i hope, i could satisfy
CAclubindia
