What is the general entry for TDS certificate received from
the debtor of the company?
- 3 Answers
- 9969 Views
- Naveen NDT, Wipro, I also Faced
- E-Mail Answers
Answer Posted / subhash a.
Dear friend, here situation is not the amount received. It
is only the TDS certificate received from party.
There are two solutions for this problem.
1. If at the time of receipt of amount from party the entry
passed in books as below
Cash /Bank A/c Dr. xxx
TDS receivable A/c Dr. xx
To Party's xxx
Then no need to make a further entry
2. If at the time of receipt of amount from party the entry
passed in books as below
Cash /Bank A/c Dr. xxx
To Party's xxx
Then we need to make a further entry as
TDS receivable A/c Dr. xx
To Party's xx
| Is This Answer Correct ? | 18 Yes | 2 No |
Post New Answer View All Answers
What is the %age of T.A.,D.A.,H.R.A.,BASIC
Explain the procedure to calculate provident fund, esi, vat and sales tax.
1· What is a bad credit score? 2· What does my credit score mean? 3· Can I check my Vantage credit score range online? 4· Should I have perfect credit score, that is, above 800 credit score? 5· With a 600 credit score, how to improve my credit rating score? 6· How to raise my credit score if I have 500 credit score? 7· How to increase your credit rating score quickly? 8· How can I find out my credit rating score for free? 9· Home Equity Loans ????????· 10. Calculate Mortgage 11· Mortgage Payment 12· Mortgage Payment Problems
What is the Procedure of Import & Export
procedure to get Raw Material free of excise duty under Central Excise Act,
Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.
What is cenvat credit?
how we calculate the tds on salary.
At what rate firms are required to pay tax on their income?
Can u provided all the dues date and depositing date which are used in general manner or Income tax..
accounting taxation
Pls.tell me some website name who display practical question & answers of accounting work. like tds, service tax entry and some more. also provide important knowledge of all taxes.
Please guide us about Forms and where is it will use i.e.Form C, Form h, Form F. if other form has please guide us about of that Forms?
What is VAT TDS? when it is applied & at what rate?
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
