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