Tds refund
This query is : Resolved
28 August 2013
If i got refunded tds amount on my current account what will be entry for this in our book?
28 August 2013
Bank a/c ....dr
To Capital A/c
It is presumed you are a sole proprietor.
Tds refund is not taxable but int on tds refund is taxable as income from other source.
To Capital A/c
It is presumed you are a sole proprietor.
Tds refund is not taxable but int on tds refund is taxable as income from other source.
28 August 2013
Bank Ac. Dr.
To TDS Receivable Ac.
To TDS Receivable Ac.
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