Answer / bijender

When Vendor deducting TDS. TDS Payble A/c will be credited
and A/c Head will be Debited.E.g. M/s GML is paying 7840 as
jobwork changes to M/s Kundan & sons and dedcuting 160 as
tds.Entry will be as follows:

Job Work A/c 8000
To TDS Payble 160
To Kundan & Sons 7840

While Paying amount
Kundan & Sons 7840
TDS Payble 160
To Cash/Bank 8000

Answer / satish

TDS PAYABLE

Answer / sandeep

Boss,


to be frank, the question itself is wrong, TDS will be made by the receiver of the service, vendor is a provider of service. A customer can do that then the entry will be,

Bank A/c Dr/....
TDS Payable Dr..

To customer A/c.

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