What is the general entry for TDS certificate received from
the debtor of the company?
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Answer / seema pandey
cash /Bank A/c Dr.
TDS receivable A/c Dr.
To Party's
| Is This Answer Correct ? | 23 Yes | 3 No |
Answer / 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 |
Answer / vishnu
who is deductee compamy a/c dr.
tds a/c dr.
TO
Who is the dedoctor cr
| Is This Answer Correct ? | 0 Yes | 0 No |
Hi, Our Company Purchase Rs:15,00,000 worth of Truck from a person, When at the time of Payment We deduct TDS or Not? Note: There is No Agreement or Contract with them I need the Help. Regards Sakthi
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