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when we give to payment for contractor what entry pass with
tds?
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Answer / john abraham
Advance paid to Contractor Dr
TDS Payable Cr
Cash/Bank Cr
| Is This Answer Correct ? | 17 Yes | 2 No |
Answer / rkb
payment entry should be
contractor A/C Dr.100
to Cash / Bank 100
journal entries would be ; 1 %
Contractor A/C Dr.1
To TDS payable 1
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / sukanya satish
if we are passing tds through online with the help of
contractor we ensure that he?she must upload our tds CD to
the related income tax department and it shoud be booked
within mentioned duration
| Is This Answer Correct ? | 3 Yes | 7 No |
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