Bill booking

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2014 While Bill booking may I pass TDS Entry when service tax was charges on bill?

What is the entry in that case when I have to Pay Bill amount after Deducting TDS Amount?

CA Bhushan Bhagwat Bharambe

CA Bhushan Bhagwat Bharambe (Expert)
Follow

19 April 2014
For first question to pass entry for TDS while booking bill if service tax is charged. Why can`t you do that? what has stopped you from doing so.
Just check circular no 01/2014 of income tax to know on what amount to deduct tds.

The entry for making payment after tds deduction will very very simple

Vendor a/c dr.

to bank a/c or cash account.
what is to difficult about it.