Tds debit and credit

329 views 2 replies

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)
Is it not always true?

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

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