Answer / sapna agarwal

say if it is professional charges then

professional charges a/c dr
To TDS payable a/c
To party a/c
Then while making payment it is...

TDS payable a/c dr
party a/c dr
To bank a/c

Answer / md mustafa ansari

For Tds payable (Liablity)
vendor A/c Dr XXX
To Tds Payable XXX

For tds receivable (Sundry Debtors)

Tds receiveble a/c dr XXX
To Client XXX

Answer / santhy

TDS is Tax deducted at source of income.

When you are a recepient of any income on which tax
deducted for example, 10,000 in interest income and 100/-
is the tax deducted at source

Dr. Bank/Cash a/c 900.00
Dr. TDS account 100.00

Cr. Interest recd a/c 1000.00

Answer / sumeet

TDS means Tax Deducted at Source.

Answer / mayur babaria

in case of deductor:

(1)when we posted any expense in our books of account

particular exp. a/c dr
To sundry creditors a/c

(2)when we duduct TDS

particular party(sundry creditore) dr
To TDS payable a/c cr
(3)when we make payment to our sundry creditors

particular party a/c dr
To cash/bank a/c cr
(4) when we pay TDS to government

TDS payable a/c dr
TO BANK A/C(FOR PAY TO GOVT.)

Answer / naman

in case of deductor:

(1)when we posted any expense in our books of account

particular exp. a/c dr
To sundry creditors a/c

(2)when we duduct TDS

particular party(sundry creditore) dr
To TDS payable a/c cr
(3)when we make payment to our sundry creditors

particular party a/c dr
To cash/bank a/c cr
(4) when we pay TDS to government

TDS payable a/c dr
TO BANK A/C(FOR PAY TO GOVT.)

Answer / amiya

Tax Deducted at source .

Answer / tushar

TDS stands for Tax deducted at source. It is deducted as
per provision of Direct Tax Act.
Entry for TDS:-
a)In case of Deductor
Expences (Professional, Job work, Interest as the case may
be) Dr. (Total Invoice Amount)
Party A/c Dr. ( For TDS Amount)
To Party a/c (Total Invoice Amount)
To Tds Payable A/c (amount calculated as per specified rate)
or,
Expence A/c dr. (Invoice Amount)
To Party A/C (Invoice Amount)
& for TDS deduction,
Party A/c dr.
To Tds payable.
b)Incase of Deductee.
Client/Party A/c dr.
To Income A/c
for tds deduction
TDS recoverable A/c dr.
To Client/Party A/c

Answer / nitin kumar srivastava

At the time of Deducting TDS.

Expenses Account Dr.
To, TDS Payable Account
To, Party


At the time of deposit of amount of TDS.

TDS Payable Account Dr.
To, Cash/Bank Account



At the time of booking of income.


Party Dr.
TO, TDS DEDUCTED
TO, rEVENU RECEIPTS Account

At the time of Receipt of Income.

Bank/Cash Account Dr.
To, Party

Answer / kishore kumar

sir, aap mujhe tds ki aur exmple se entry bhtai

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