priyanka ashok sawant (Account Assistant) (49 Points)
10 May 2016
CA Prashant Hegde
(Chartered Accountant)
(262 Points)
Replied 10 May 2016
priyanka ashok sawant
(Account Assistant)
(49 Points)
Replied 10 May 2016
ya but ........now i want to closed acct so how i show in my tally ..and this 1% tds pending . so i cant deduct tds for this year which is balance so its ok...
problem is how i show in my tally
Harshad Kanekar
(Taxation and Accounts Executive)
(314 Points)
Replied 10 May 2016
You have to Pay 1% Amt to The Party and the accounting entry will be the same as of Payment. ie :
Party A/c Dr. XXX
to Cash/ Bank A/c XXX
If you have passed Combined Journal Entry of TDS As well as Payment then Entry will be :
TDS Payable A/c Dr. XXX
to Party A/c XXX
& Party A/c Dr. XXX
to Cash/Bank A/c XXX
shivam agarwal
(ca student)
(175 Points)
Replied 10 May 2016
TDS Payable Dr.
Debtors(Name of Client) Cr.
Amount will be 1%.
rajesh sehgal
(ACCOUNTS EXECUTIVE)
(47 Points)
Replied 10 May 2016
Harshad Kanekar
(Taxation and Accounts Executive)
(314 Points)
Replied 11 May 2016
I agree with Rajesh Sehgal!!
It is also a convinent option.
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