1.bank deducted tds for 6 month on account of fixed deposit..
in this senario, at the last month (i.e. 6th) bank has returned back the tds amt to the company as (concession or benefit to the regular customer... ect. (somehow) ) ... then where we hav to post the amt of tds, whether in tds a/c or as int on FD.
2.for the building construction, they hav deducted tds, then where v need to post that tds amt, whether as deduction amt from BC or in tds a/c..
plz reply.. soon
once the TS has been deducte it shall be deposited with income tax department however there is limit of 10000 if interest payment is more than the said amount then bank has to deducted tds and deposit with income tax department.
however if the bank has return to customer then it will be income because it was entered as expense. and if the co. has passed tds enetry at the time of deduction then on receipt of the same shal be reversed.
2
In tds account.
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