Answer / seema pandey

cash /Bank A/c Dr.
TDS receivable A/c Dr.
To Party's

Answer / subhash a.

Dear friend, here situation is not the amount received. It
is only the TDS certificate received from party.

There are two solutions for this problem.
1. If at the time of receipt of amount from party the entry
passed in books as below
Cash /Bank A/c Dr. xxx
TDS receivable A/c Dr. xx
To Party's xxx

Then no need to make a further entry

2. If at the time of receipt of amount from party the entry
passed in books as below
Cash /Bank A/c Dr. xxx
To Party's xxx

Then we need to make a further entry as
TDS receivable A/c Dr. xx
To Party's xx

Answer / vishnu

who is deductee compamy a/c dr.
tds a/c dr.

TO
Who is the dedoctor cr

If some service provider gives a bill having service tax. say cost of service is Rs 100, He is adding 12.36% sevice tax. Total comes 112.36. we have to deduct TDS @ 11.33%. On what amount we should deduct TDS? (on 100 or 112.36 )

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