Tds on foreign payments

Dr. Investment in Shares of Foreign Co. A/c

Cr. TDS Payable A/c

Cr. Bank A/c

Dr. Investment in Shares of Foreign Co. A/c

Cr. TDS Payable A/c

Cr. Bank A/c

Accounting entry will be :

Dr. Investment in Shares of Foreign Co. A/c

Cr. TDS Payable A/c

Cr. Bank A/c

(Being Shares of Foreign Company acquired)

Thanks & Regards

Piyush Tanwar

CA Finalist & Internal Auditor

Mobile - 9717468521