Can anyone please tell me how to account TDS RECEIVABLES.
(In Receipt entry is it possible to show the break up of TDS
deducted & balance payment recd in single entry
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Answer / balaji
yes its possible in single entry and the entry is
tds recievable a/c dr
balance amount a/c dr
to customer a/c
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / pravin
tds recievable is asset of the company is advance tax,
yes is possible in single entry
| Is This Answer Correct ? | 4 Yes | 1 No |
Hi all, I recently joint a pvt ltd firm which offered me gross 10000 salary Per month and 10.3%tds deduction on it. my net salary will be 9000. My question is my salary is not taxable then how they can deduct my tds? according to firm tds return will get me back after 1 years ? I am totaly confused with this pls guide me on this matter. Thanks in advance
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