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)
Quick Summary
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 Topics :
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
Related Topics :
CAclubindia
