for the income tax entry -
1. at the time of tds payment -
TDS ACCT dr. 100
to bank/cash cr. 100
2. at the time of liability of income tax
Income tax acct. dr 120
income tax payble acct 120
3. at the time of final payment.
income tax payble acct. dr 120
to TDS ACCT . 100
to bank acct. 20
hope it will all clear to u.
CAclubindia
