what are the type of t.d.s. entries ?
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Answer / ravinder.sunkar
t.d.s:-tax deduction at source
type of t.d.s entries are
1. type of payment
2. relevant provisions
3. personal responsible for deduction of tax and
type of payee's
| Is This Answer Correct ? | 2 Yes | 1 No |
TDS is tax deducted at source of income, deduction of
income as source against liability.
at the time of due
suplier/customer a/c Dr (TDS amount)
To TDS on ( Particular service)
At the time of depositing
TDS DR
To Bank
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rikki
First we should deducted the tds amount from the relevant
party a/c
Sundry Cr... (TDS Amount)
To TDS Deducated
Sundery Cr. (amount after deductingh TDS)
To Bank
| Is This Answer Correct ? | 0 Yes | 2 No |
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