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student
30 Points Posted on 10 October 2014
Wat z d treatment of TDS in case of an individual? its very confusing!!
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On 10 October 2014 at 00:23 Report
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CFO- at NHTF
58280 Points Posted on 10 October 2014
There will be two cases 1.Tds receivable (Tds deducted by debtors/customers)--available in PAN account-26AS.(It is an Asset) 2.Tds Payable--Tds deducted by an individual need to pay department--available in TAN account-challan status enquiry..(It is a liability).
59 Reply
On 10 October 2014 at 01:19
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CFO- at NHTF
58280 Points Posted on 10 October 2014
Ex:- Tds receivable----------------------- Debtors A/c Dr Tds receivableDr Income a/c. Cr 2.Expense A/c Dr Tds payable Cr Creditor. Cr
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On 10 October 2014 at 01:23
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CFO- at NHTF
58280 Points Posted on 10 October 2014
Each entry two balncesheet items and one is p&l item.
59 Reply
On 10 October 2014 at 01:24
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Practising CA
8954 Points Posted on 10 October 2014
If you put your query more specifically , the answer can be given with more conceptual and technical clarity
30 Reply
On 10 October 2014 at 01:35
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CA
23 Points Posted on 10 October 2014
Suggestion on tax on salary
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On 10 October 2014 at 10:49
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Audit Executive
711 Points Posted on 11 October 2014
TDS receivable against TDS certificate also known as advance tax paid.TDS payable is liability on behalf of service provider.
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On 11 October 2014 at 00:09


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