Interested to Buy Any Domain ? << Click Here >> for more details...
what is the entry of tds
- 6 Answers
- 10583 Views
- CA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
If Tds certificate received then
By Bank a/c Dr 9000/-
By TDS a/c Dr 1000/-
To Party Name A/C Cr 10,000/-
If Tds Deduct and certificate given then
By Party Name A/C Dr 10,000/-
To TDS a/c Cr 1000/-
To Bank a/c Cr 9000/-
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / nihar
A. TDS deducted on Due basis and Payment was made.
1)For TDS due-
Expenses A/C Dr.
To Party A/C.
To TDS Payable A/C.
(Being expenses was due and TDS was deducted)
2)For Payment of TDS
Party A/C Dr.
TDS Payable A/C Dr.
To Bank A/C.
(Being payment was made)
B. TDS was deducted on Payment basis
1) Party A/C Dr.
TO TDS Payable A/C.
TO Bank A/C.
(Being advance paid to party and TDS was deducted)
2) TDS Payable A/C Dr.
To Bank A/C.
(Being TDS was Paid)
3) Expenses A/c Dr.
To Party A/C.
(Being Expenses was Booked)
| Is This Answer Correct ? | 3 Yes | 3 No |
1.If we deduct TDS on Our Exp
Expense A/c Dr.
To TDS Payable U/S 194..
To Party Ac Or Bank/Cash A/c
2.If Some One Deduct Our TDS
Bank/Cash A/c OR Party A/C Dr.
TDS Receivable A/c Dr.
To Income A/c
3.TDS Payment Made To Government
TDS Payable A/C Dr.
To Bank A/C
4.TDS Certificate Received
TDS Receivable A/c Dr.
To Party A/C
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bheem singh
When we received any contract then entry will be
Party A/c Dr
TDS A/c Dr
To Income A/c Cr.
Here when we receive the amount TDS amount will not be
credited it will be adjusted at the time of payment of
income tax.
When we give the contract then entry will be
Expense A/c Dr
To Party A/c Cr.
To TDS A/c Cr.
At the time of Payment entry will be
Party A/c Dr.
TDS A/c Dr.
To Cash/Bank..
Then Both Party A/c and TDS A/c will be closed.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / amulya kumar nayak
DUE OF T.D.S ENTRY
EXPENSES A/C DR
TO T.D.S A/C
TO PARTY A/C
PAYMENT ENTRY
PARTY A/C DR
TO BANK/ CASH
T.D.S PAID ENTRY
T.D.S A/C DR
TO CASH/BANK
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / saritabhardwaj2007
expense a/c dr
to tds payable a/c
to bank a/c
| Is This Answer Correct ? | 2 Yes | 11 No |
how in the big companies the budget are prepared and controlled?
What is meant by balancing?
How use Budget in SAP, i want to see the report of variant between budget and actuals.
WHAT IS THE DIFFERENCE BETWEEEN CASH FLOW STATEMENT AND FUNDS FLOW STATEMENT
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
tally interest entry journal entry income expance entry
Withhold Tax Types
The jouranl entry of purchage of fixed assets are assents a/c dr. to cash/bank account why we not make journal entry for this is purchage a/c dr. to cash/bank .
Labour charge 100000 deduction tds 5%
Tell me different branches of accounting?
what is eps
Maximum retail price rs.100 including vat 12.5 % what is basic price
7 Answers Ceramic Centre, Chartered Accountant,
Audit 
