if we are getting the payment of interest with TDS deducted...what should be the treatment in books?
Menu
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 | ||
 |
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)
Recent Threads
- Où décidez-vous le rythme du jeu?
- Gst in Turnover
- GST Tax invoice Govt.agency
- CAN ICAI EXAMINER'S REMUNERATION BE TAXED U/S 44AD
- Applicability of IGST or CGST/SGST
- Form 26AS Glitch
- Credit counseling services
- Solve questions
- Tax clarification on rental income
- Long term capital loss on Indexation on sale of Re
Related Threads
CAclubindia
