Can anyone please tell me how to account TDS RECEIVABLES.
(In Receipt entry is it possible to show the break up of TDS
deducted & balance payment recd in single entry
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Answer / balaji
yes its possible in single entry and the entry is
tds recievable a/c dr
balance amount a/c dr
to customer a/c
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / pravin
tds recievable is asset of the company is advance tax,
yes is possible in single entry
| Is This Answer Correct ? | 4 Yes | 1 No |
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Q.No.1) I paid Salary to our staff after deduction TDS. what is the journal entry pass at that time of payment of salary only, and then at the time of payment of tds. and the last date for payment of TDS Q.No.2) Suppose I paid Salary In advance due to that officer is take business tour at the end of the month in after deducting TDS. Now What is the journal entry Salary Advance & Payment of TDS. and when i will pay TDS for This Situation. Kindly Help me
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