How to make tds recievable entry

Dear Amit,

For Commission,

1. Comission A/c...........Dr

            To Party A/c

            To TDS PayableA/c

2. TDS Payable A/c........Dr

         To Bank A/c

(when TDS is paid)

For your product sale

1.Debtors A/c...........Dr

   TDS Receivable A/c..Dr

          To Sales or Income  A/c

Dear Amit, For Commission,

1. Comission A/c...........Dr

To Party A/c To TDS PayableA/c

2. TDS Payable A/c........Dr

To Bank A/c (when TDS is paid)

For your product sale

1.Debtors A/c...........Dr

TDS Receivable A/c..Dr

To Sales or Income A/c

Though I am agree with Ramesh Kumar Loya,I differ at the point of opening seprate ledger of TDS Receivable.

S.R.Associates

Tax & Investment Consultants

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