when we give to payment for contractor what entry pass with
tds?

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when we give to payment for contractor what entry pass with tds?..

Answer / john abraham

Advance paid to Contractor Dr
TDS Payable Cr
Cash/Bank Cr

Is This Answer Correct ?    17 Yes 2 No

when we give to payment for contractor what entry pass with tds?..

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

when we give to payment for contractor what entry pass with tds?..

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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