Hey Frnds.
Cash withdrawal pr bank jo TDs deduct krta hai uski journal entry kya hogi tally me plz tell me dear's
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Tds entry on cash withdrawal
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If TDS deducted under section 194N of the Income Tax act 2961 then entry will be as follows.
Cash A/c Dr
TDS on withdrawal A,/c Dr
To Bank. A,/c Cr
(Being TDS deducted by Bank for withdrawal of cash under section 194 N)
TDS on withdrawal A/c ,under loan's and Advance , Asset side Balance sheet .
Cash A/c Dr
TDS on withdrawal A,/c Dr
To Bank. A,/c Cr
(Being TDS deducted by Bank for withdrawal of cash under section 194 N)
TDS on withdrawal A/c ,under loan's and Advance , Asset side Balance sheet .
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