Menu
Tds entry.
hi, we have deducted Amazon, Google and Facebook tds and later we received tds back from them, how we can enter tds deduction and received entry.
Replies (4)
For payment
TDS a/c dr
to TDS payable a/c
TDS payable a/c dr
to Bank a/c
For receipt
TDS Receivable a/c dr
to TDS a/c
Bank a/c dr
to TDS Receivable a/c
TDS a/c dr
to TDS payable a/c
TDS payable a/c dr
to Bank a/c
For receipt
TDS Receivable a/c dr
to TDS a/c
Bank a/c dr
to TDS Receivable a/c
Tds a/c Dr come under duties and taxes
TDS payable is grouped under duties & taxes (current liabilities) whereas TDS receivable under current assets
yes. all above replies are correct
Recent Threads
- Clubbing of income on ULIP
- ITR2 Processing Delay
- TDS demand payment notice
- Invoice NOT in 2B but showing in 2A, and supplier
- Is ITC available on VRF AC
- Capital gains on sale of furnished flat
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
Related Threads
CAclubindia
