Bhavesh (Accounts) 25 July 2020
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.
Raj C Doshi (Practising CA) 25 July 2020
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