31 August 2011
My boss is a director in his sister company.The company pays director's remuneration of Rs.900000/-.The Accountant by mistake deducted TDS for 100000/-i.e Rs.10000/- more.I want to know what accounting entry to be passed in his personal firm in which he is the sole proprioter. Please give me what journal entry to be passed in his firm.
31 August 2011
You only have to mention the TDS value in accordance with the mentioned in your Director;s 26AS or form 16 for the adjusting value and no seperate entry is required for the same.
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