Tds entry

This query is : Resolved

Prakash kumar (Querist)
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21 April 2015 Dear sir ,if party deducted tds but that amount not find in bank means if sales bill...40000 bank receipt .......38200 tds deducted ......800 but when i tally tds certificate with party ledger then that amount not in bank and in party ledger , then how to pass entry of tds in party ledger ? should i take entry like this tds a/c to cash is it correct to make tds entry ? tds

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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21 April 2015 Where is 1000rs gone... I think receipt is 39200 dear

Bank dr 39200
Tds dr 800
To party 40000
Will b the original entry

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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21 April 2015 Tds to cash will b completely wrong entry always..because you hadn't paid tds in cash and all...

Completely wrong

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Prakash kumar

Prakash kumar (Querist)
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21 April 2015 sir my above amountt taken for example my actual query is party deducted tds but the amount in which party deducted not in bank a/c , not in tally but in tds certificate then in this case what is the solution to make entry of tds ?

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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21 April 2015 Debit tds and credit party..