IF WE PAID TDS ON INTEREST ON 31/03/19 FOR M/O MARCH 19 & ALSO APRIL 19 THEN :-
WHAT IS TRANSACTION FOR PAYABLE AMOUNT:---
PROVISION AMOUNT:---
PAID AMOUNT:---
6 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 11 May 2019
Are you paid TDS (TIN) in 31st March...?
Are you paid interest on 31st March...?
Are you paid interest on 31st March...?
Mohit Bhasin
(Accounts)
(37 Points)
Replied 11 May 2019
YES FOR M/O MARCH 19 AND IN ADVANCE FOR M/O APRIL 19
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 11 May 2019
Can't understand... Can you elaborate with some more details of your transactions...?!
Mohit Bhasin
(Accounts)
(37 Points)
Replied 11 May 2019
TDS OF MARCH ON RS 1 LAKS @ 10%--- 10000 THAT PAID ON 31/03/19.
TDS OF APRIL ON RS. 1 LAKS @ 10%-- 10000 THAT ALSO PAID IN ADVANCE ON 31/03/19.
ABOVE TDS IS ON DUE AMOUNT.
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907))
(1306 Points)
Replied 11 May 2019
Interest Dr.
To Loan Ac
To TDS Payable
TDS Payable Ac. Dr
TDS Deposit in advance Ac. Dr.
To Bank.
To Loan Ac
To TDS Payable
TDS Payable Ac. Dr
TDS Deposit in advance Ac. Dr.
To Bank.
AKT Associates
(2 Points)
Replied 16 May 2019
TDS need to be paid before the 7th of next month. i.e for the month of April the TDS should be deposited by 7th of May. In case of delay, an interest rate of 1.25% per month for o/s TDS amount need to be paid.
if you want to know more contact us on
contact- 8828093365
Email id- Cs @ aktassociates.com
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