Tds debit and credit

Hi

TDS presentation and recognition: a certain transaction attracted tds on commission 

In the books of deductor:

Cr. TDS payable

In the books of deductee:

Dr. TDS receivable

Is it not always true?

Txs

 

Replies (2)
Quick Summary
This discussion clarifies the accounting treatment for Tax Deducted at Source (TDS). It explains that TDS payable is a credit entry for the deductor, while TDS receivable is a debit entry for the deductee. The core principle is that payable accounts are credited and receivable accounts are debited.

Is it not always true?

yes...
Tds payble is a credit account
tds receivable is a receivable account.

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