Tds on deposits

Others 908 views 1 replies

Dear All,

I have a small confusion. Hope to clear it out soon with your help.

1. There is a deposit in Electricity board, on which TDS has been deducted.
The entry should be an income entry right ? (The same is reflected n 26AS)
Deposit A/c     Dr  xxx   
TDS In A/c      Dr  xxx   
     To Electricity board (name) A/c   xxx

Is the above entry correct ???

 

2. There is another security deposit in the elec board.

So should the entry be
Security Deposit A/c      Dr   xxx
     To Electricity Board A/c           xxx

or anything else ??

 

Kindly help me at the earliest. Im so confused. The client hesitates to give further info. My boss doesn't help but holds the neck on the last minute.

So, kindly help.

 

 

Thanks in advance.

Replies (1)

hey,

   wat does the first entry means?? is the tds is on interest on deposit with the EB?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details