28 December 2012
I Have some Opening Debtor balance (ON GROSS ) & in this TDS is not deducted in the previous year account but these TDS is deposited to Govt. of india Now, these debtor is received in the Current year & I have the J.E. in tally is
Bank A/c Dr TDS Receibale A/C Dr To Sundry Debtor A/C
Now, how can adjust these "TDS receiable" in the Current Year
Rilli nice query, This TDS is nothing but the advance tax paid.
So on receipt of TDS certificated / issuance of TDS certificate by Debtors, you can transferred amount to TDS - Advance Tax FY 2012-13 A/c by passing JV.