Accounting entries for tds
This query is : Resolved
30 November 2011
What are the accounting entries for the TDS payable/ TDS Receivable and also the entries for Refund receivable from Income Tax.
30 November 2011
For Tds Payable
X, A/c........Dr
To TDS Payable A/c
For Tds Receivable
Tds Receivable A/c....Dr
To X, A/c
When Tds Refund received then adjust refund against Tds Receivable.
X, A/c........Dr
To TDS Payable A/c
For Tds Receivable
Tds Receivable A/c....Dr
To X, A/c
When Tds Refund received then adjust refund against Tds Receivable.
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