Sir i have to be paid interest on loan of rs 20000 in 31st March 2018.But i will pay this amount in f.y. 2018-19 on 12 th april 2018 by deducting tds of rs 2000.so sir please tell me how will i take entry in f.y. 2017-18 & 2018-19 by considering tds in accounts????
TDS will deduct Due or Payment Whichever is earlier You due your TDS on 31st March therefore you have to deduct TDS on 31st March n same will be deposited by 30th april Now you will deposit that TDS with intt. & revise your return if already filed.
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