Individuals/huf......... are liable to deduct TDS under certain sections, provided their accounts had been audited in previous year..
Certain TDS like tds on salary are required to be deducted by all
TDS on House rent above or equal to 50,000/- PM is liable to be deducted by non-audit case assessees........
At The Time Rent Amount Receiv
Bank A/c Dr.1350/, TDS receivle A/c Dr. 150/, Debtors A/c Cr. 1500/.
At The Time Rent Amount Payble
Debtors A/c Dr. 1000/. Bank A/c Cr.900/, TDS Payble A/c Cr. 100/
Ten, Please advice me about setoff entry for the same.
Here can i do as below?
TDS Payble A/c Dr.100/ Bank A/c Dr. 50/ To TDS Recevle A/C 150
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