tds help

A/c entries 785 views 4 replies

if we are getting the payment of interest with TDS deducted...what should be the treatment in books?

Replies (4)

The Entry will be:

Bank  a/c Dr.  (Amt. Recd.)

TDS Receivable - Intt. Dr.   (amount of TDS Deducted)

              To Interest Recd. A/c (Total Interest)

Originally posted by : Sarang

The Entry will be:

Bank  a/c Dr.  (Amt. Recd.)

TDS Receivable - Intt. Dr.   (amount of TDS Deducted)

              To Interest Recd. A/c (Total Interest)

 agree

The Entry will be:

Bank  a/c Dr.  (Amt. Recd.)

TDS Receivable - Intt. Dr.   (amount of TDS Deducted)

              To Interest Recd. A/c (Total Interest)

The Entry will be:


Bank A/c   Dr. (With the net amount Recieved)

Advance Tax TDS A/c Dr (With the amount of TDS deducted)

To Interest Recieved A/c (Total Interest)


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