CCI Online Learning
50% OFF in CA/CS/CMA Subjects
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Provision for Remuneration paid to Directors


Bhavesh (Accounts)     25 July 2020

Bhavesh
Accounts 
 1 likes  65 points

| My Other Post

Hello Friends what entry has to be passed in personal accounts of directors whose remuneration for the month of march 2020 has been paid on June 2020 as there was a lockdown remuneration has been paid on the month of June 2020 of march and also TDS has been deducted on that month what entry should one pass in case TDS also has been deducted from directors remuneration but return has been not uploaded for the quarter ending june 2020.

avater

Raj C Doshi (Practising CA)     25 July 2020

Raj C Doshi
Practising CA 
 288 likes  4091 points

View Profile | My Other Post

Pass Journal Entry in personal accounts as per corresponding entries in the business account.

e.g on 31.03 2020 in personal accounts.

Dr. XXXX Pvt Ltd
Dr. Tds on salad receivable
Cr. Salary from XXXX Pvt Ltd

Bhavesh (Accounts)     31 July 2020

Bhavesh
Accounts 
 1 likes  65 points

View Profile | My Other Post

Thanks for answering I want to know under which head should I Tds on salary receivable and salary from xxx pvt Ltd. comes under.

avater

Raj C Doshi (Practising CA)     31 July 2020

Raj C Doshi
Practising CA 
 288 likes  4091 points

View Profile | My Other Post

Both under capital account.

Bhavesh (Accounts)     01 August 2020

Bhavesh
Accounts 
 1 likes  65 points

View Profile | My Other Post

Thanks for answering sir one more query if Tds deducted less while making an payment to the director for March 2020 what entry one has to pass in that case.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Popular Discussion


view more »



Trending Tags
GST Live Class    |    x