entries related to tds
This query is : Resolved
21 August 2008
Hi all,
I need to know the entries related to TDS. The issue is- one exp is disallowed due to non deduction of tax on the same. Now the client paid the tax on the same on the currnet year. Now how to show this in to the books
I need to know the entries related to TDS. The issue is- one exp is disallowed due to non deduction of tax on the same. Now the client paid the tax on the same on the currnet year. Now how to show this in to the books
21 August 2008
Party A/c Dr
To TDS Payable (AY 2007-08)
(Deduction of Tax at source)
TDS Payable (AY 2007-08)
To Bank
(Deposit of TDS into Govt A/c)
To TDS Payable (AY 2007-08)
(Deduction of Tax at source)
TDS Payable (AY 2007-08)
To Bank
(Deposit of TDS into Govt A/c)
21 August 2008
No Entries has to be passed for disallowance in current year...
and allowance in next year
and allowance in next year
21 August 2008
Dear Mr. K.Kottai,
Pls help me out. Let me know wht kind of entries has to be passed in this case.
Pls help me out. Let me know wht kind of entries has to be passed in this case.
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