banner_ad

TDS RECEIVABLE

A/c entries 10679 views 4 replies
User Avatar

accountant
32 Points Posted on 12 January 2008

Hi,

Please let me know how to make the TDS Receivable accounting entry in the books of accounts.

My question is I need to show this in current assets or posted to P & L as expenditure.

Please help me in this regard.

Regards

Srinivas

 

 

 

 

 

Reply Share Follow
On 12 January 2008 at 14:03 Report
Replies (4)
User Avatar

Chartered Accountant
272 Points Posted on 12 January 2008
Entry for TDS Receibales is as below TDS RECEIVABLE DR (Loans & Advance) To Debtors a/c Remember TDS Receivable is like advance tax
Reply
On 12 January 2008 at 14:17
User Avatar

Infosys Limited
202 Points Posted on 12 January 2008
TDS RECEIVABLE IS LIKE A FULL COLLCETION FROM THE PARTY .THEREFORE PARTY SHOULD BE CREDITD AND TDS RECEIVABLE SHOULD BE DEBITED AND TO BE SHOWN IN ADVANCES TI INCOME TX DEPATRMENT.
4 Reply
On 12 January 2008 at 14:47
User Avatar

Guest
460380 Points Posted on 12 January 2008
HI.... tds receivable is to be shown as current assets in the balance sheet..... or we can treat this like an advance tax.......
368 Reply
On 12 January 2008 at 15:45
User Avatar

PRACTISING CA
4283 Points Posted on 13 January 2008
TDS receivable is a current asset or alternatively it can be shown under the head prepaid or advance taxes.
9 Reply
On 13 January 2008 at 22:14


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

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
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details