If drs are deducting amt as TDS , how entry will be passed in books? pls clari

If drs are deducting amt as TDS , how entry will be passed
in books? pls clarify

Question Posted / akila sridhar

Answers were Sorted based on User's Feedback

If drs are deducting amt as TDS , how entry will be passed in books? pls clarify..

Answer / varghese

Cash/ Bank A/c Dr
TDS A/c Dr
To Debtors A/C

(Here Drs collected and deposited TDS for us. So upto final
claim this amount shall treat as a deposit)

Is This Answer Correct ?

6 Yes

0 No

If drs are deducting amt as TDS , how entry will be passed in books? pls clarify..

Answer / savi3_nataraj

By TDS Receivable
To Sundry Debtor

Is This Answer Correct ?

3 Yes

2 No

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