TDS Entry
This query is : Resolved
15 May 2010
Sir,
When will I take entry of TDS i.e.,bill raise or payment made ?
(1) Brokerage A/c Dr. 15000
TDS Payable A/c Cr. 1500
Deductee A/c Cr. 13500
(2) Deductee A/c Dr. 13500
Bank A/c Cr. 13500
OR,
(a) Brokerage A/c Dr. 15000
Deductee A/c Cr. 15000
(b) Deductee A/c Dr. 15000
TDS Payable A/c Cr. 1500
Bank A/c Cr. 13500
When will I take entry of TDS i.e.,bill raise or payment made ?
(1) Brokerage A/c Dr. 15000
TDS Payable A/c Cr. 1500
Deductee A/c Cr. 13500
(2) Deductee A/c Dr. 13500
Bank A/c Cr. 13500
OR,
(a) Brokerage A/c Dr. 15000
Deductee A/c Cr. 15000
(b) Deductee A/c Dr. 15000
TDS Payable A/c Cr. 1500
Bank A/c Cr. 13500
16 May 2010
both the entries are having same impact, but i will go for the second one, bcz it will help at the time of filing of TDS return.
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