18 March 2009
Dear Sir Plz help me how should i take entery in my office contrct salary will issue Rs 50000 for X agency in that Rs 1000 deducted for TDS on 15.2.09 But TDS Amount Remited on 22.2.09 to Bank i have taken in cash book on 15.2.09 contract Salary A/c dr Rs 49000 to Bank A/c & TDS Payable A/c Dr 1000 to Bank A/c 1000 is it wirte plz give example
18 March 2009
TDS should be deducted at the time of credit or payment whichever is earlier.......You have deducted at the time of salary generation and paid on later date seems to be correct.......
CAclubindia
