TDS assets

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 29 October 2023

Originally posted by : Yasaswi Gomes new
	Yes it's AS standard. This is my game to ruin it naturally when proper guidance is not there :)

Ha Ha Ha ha Ha...

Bro,

He missed your name (I think typical mistake).

But, You give ans with same way..

Good one... 🤗🤗🤗

1 Like

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 29 October 2023

Originally posted by : Yasaswi Gomes new
	Ok! when I make income and TDS is deducted Ill make this entry Dr. Bank Dr. TDS receivable Cr. Income

The entry is correct ya... So, I ask "SO"

Then what is your doubt in this entry.

sabyasachi mukherjee (27117 Points)
Replied 30 October 2023

No tds is applicable on expense. income at the end of the year is assessed.

1 Like

Yasaswi Gomes new (Finance ) (4492 Points)
Replied 31 October 2023

But I usually recognise as and when the transaction occurs

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