Query about tds recovery from debtors

Amit Kumar (Accountant) (276 Points)

27 June 2013  

Dear all

I have query about TDS because we are in business of E-Commerce we work as a vendor  we sale through e-commerce site like snapdeal, Home shop 18 etc. in this matter these party paid for us payment firstly we have to deposited the TDS from our end than these party pays us same amount for TDS Which we deposited into income tax department My query about for this how will we treat the payment we recieved from these party.

Please mention clearly with accounting entry ASAP

Thanks

Amit Kumar