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TDS assets

Rules 782 views 18 replies
Originally posted by : Yasaswi Gomes new
Yes it's AS standard. This is my game to ruin it naturally when proper guidance is not there :)

Ha Ha Ha ha Ha...

Bro,

He missed your name (I think typical mistake). 

But, You give ans with same way..

 

Good one... 🤗🤗🤗

Originally posted by : Yasaswi Gomes new
Ok! when I make income and TDS is deducted Ill make this entry

Dr. Bank

Dr. TDS receivable

Cr. Income

 

The entry is correct ya... So, I ask "SO"

Then what is your doubt in this entry.

No tds is applicable on expense. income at the end of the year is assessed.

But I usually recognise as and when the transaction occurs


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