TDS JOURNEL ENTRY

This query is : Resolved

neha (Querist)
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22 September 2022 Hello sir, I have query..... we paid the commission 20,000/- and by mistake we did the full payment without any deduction,, next payment we deduct the above tds amount also. what's pass the entry?
1)
COMMISSION PAID A/C DR 20000
SHORT & EXCESS A/C DR 1000
TO BANK A/C 20000
TO TDS 10000

2) NEXT PAYMENT ENTRY
COMMISSION PAID A/C DR 15000
TO BANK A/C 13250
TO TDS A/C 750
TO SHORT & EXCESS A/C 1000

It is entry right or worng?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 September 2022 1) COMMISSION PAID A/C DR 20000
TO BANK A/C 20000
2) NEXT PAYMENT ENTRY COMMISSION PAID A/C DR 15000
TO BANK A/C 13250
TO TDS A/c 1750

That's the entry.

neha

neha (Querist)
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22 September 2022 but sir first entry is april month( tds deposit ) and second entry is july month . What should i do

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 September 2022 No problem in passing the entry but pay interest for late deduction of TDS