banner_ad

Tds deducted by party on services rendered

A/c entries 452 views 2 replies

Dear all,

Please tell me under which head TDS ledger of TDS deducted by the Sundry debtor on the services offered by our company should be placed. For. E. G We  have raised a bill of

                                                            Rs. 1,06,800/- (Bill amount)

                                                           +        13,200/- (Service tax)

                                                           Rs.  1,20,000 (inclusive of service tax )

Now, Party paid us Rs. 109320/- after deducting 10 % TDS on professional charges. Now Rs. 10,680/- need to be put in TDS on professional services rendered Ledger. So, please tell me under which head should create a ledger of TDS on professional service whether under duties and taxes or -------- 

Replies (2)
tds should be shown under "loans and advances".

It should be under Current Assets

Name of the ledger should be TDS Receiveble


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details