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Tds debit and credit

TDS 311 views 2 replies
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Finance
4566 Points Posted on 22 January 2024

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

 

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On 22 January 2024 at 09:47 Report
Replies (2)
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"Do the Right Thing...!!!"
128147 Points Posted on 22 January 2024
Is it not always true?

yes...
463 Reply
On 22 January 2024 at 11:08
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Profession Business
28207 Points Posted on 23 January 2024
Tds payble is a credit account
tds receivable is a receivable account.
44 Reply
On 23 January 2024 at 10:35


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