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TDS on equity share dividend
I am working in company where I am handling individual account and cos account. now in case of individual when they receive dividend on equity shares and tds deducted thereon what entry one should one must pass in his personal account. for eg xyz com. has declared dividend on shares of 5000 @ 5.00 what entry one should pass. note individual is not maintaining the shares account.
Replies (4)
Entry as follows in the books who received dividand .
Bank A/c Dr
TDs on dividand A/c Dr
To Dividand received A/c Cr
(being dividand received from xyz&co)
Bank A/c Dr
TDs on dividand A/c Dr
To Dividand received A/c Cr
(being dividand received from xyz&co)
Sir ,there is TDS deducted @ 20% on Dividend for the Year ended 31/03/2020 what should be the reason? and if in case my PAN is not updated with company can i claim the deducted TDS later ?
You may not submitted your PAN no with company. If No pan then 20 % TDS deduction .
Can i claim it back?
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