Tds receivable entry

DEAR SIR 

1. TDS RECEIVABLE ENTRY MEANS  AMOUNT DEDUCTED BY YOU CLIENT FORM YOUR PAYMENT 

YOU SHOULD SHOW IN CAPITAL ACCOUNT AS TDS DEDUCTED ,BECAUSE  YOU CAN ADJUST THIS TDS AGAINST YOUR  INCOME TAX LIABILITY .

2. TDS PAYABLE ENTRY MEANS AMOUNT DEDUTED BY YOU FROM YOUR CONTRACTOR PAYMENT 

YOU SHOULD SHOW IN CURRUNT LIABILITY ACCOUNT AS TDS PAYABLE , BECOUSE YOU WILL BE DEPSOTI TO GOVT IN THE NEXT YEAR 

GOOD LUCK 

Thank u sir 

But some people shown it under current account why it has been?please provide me 2 year entry of tds receivable and payable and how it to be adjusted against tax liabilty

It differs on the nature of organisation. In case of sole proprietorship, yes it can be shown under capital account.

But in case of companies , it needs to be shown under current assets.

Always better to group under current assets since we will not forget while filling the returns.

Please suggest me entry of all transaction

Plz provide me entry 

AGREE WITH RASSOL SIR 

BUT YOU MAY ALSO KNOW THAT AT THE TIME OF FILLING  ITR ,

EVERY ONE CROSS CHECK ALL FIGURE  IN B.S.  ,FORM 26 AS AND FORM 16 

TDS CLEARELY SHOW IN FORM 16  AND 26 FROM .

EVEN , WHEN  FILL DATA  IN ITR FORM THARE IS A SEPRATE SHEET FOR FILL DETAIL OF TDS DEDUCTION .

SO AS ABOVE SAID , I THINKS THERE IS VERY REAR CHANGE TO FORGET THE CLAIM OF TDS

THANKS

Sir i have entry

Sir i  want entry