TDS on equity share dividend

This discussion clarifies the accounting entries required when an individual receives dividends on equity shares with Tax Deducted at Source (TDS). It explains the journal entry to be passed in the books of the recipient, debiting the bank account and TDS on dividend account, and crediting the dividend received account. The thread also addresses why TDS might be deducted at 20% and advises on claiming back deducted TDS, particularly if the PAN was not provided to the company.