Answer Posted / pankaj kumar chandwani

TDS is deducted by the deductor (Amount Payer) on the certain specified services on the behalf of the deductee (Payee/receiver)and paid to the Income tax department.

Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance

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