how to do T.D.S entries in account books

Answer Posted / srikant barick

1.
Expenses A/c (on which TDS deducted) Dr. 100%

To, TDS Payble A/c (as per central govt. rate)
To, Cash (balance after deduction of tds from exp.)
(if cash paid & expenses early)

2.
Expenses A/c (on which TDS deducted) Dr. 100%

To, TDS Payble A/c (as per central govt. rate)
To, Party A/c (balance after deduction of tds from exp.)

Is This Answer Correct ?    46 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

on earth moving road work which type of tax is applicable?

1430


How many types of vat categoryplease tell me all type of vat categories..............

1759


what is the full rate of cst/vat of building material ?

1985


We have paid service tax of March Bills on 30 March. we forgot to include some bills for service tax, now we can deposit the tax in april/may and how we enter the tax..in tally....

1404


what is D-1, D-2, Vat-C4,

2111






Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -

1775


Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??

2978


Excise duty applicable for Handmade Production?

2832


What are the excise duties in our state?

2029


The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.

1744


The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.

2903


if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)

946


what is vat adjustmant?

1792


which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent

1869


how to file returne?

1991