TDS Entries

chandrashekhar_5

How to Book TDS by way of accounting entries ? at the time of bill received.

Please tell me

Sudha S

Hi Chandrashekar

At the time of booking bills At the time of payment to Crs / parties

Respective expense a/c Dr Parties a/c Dr
TDS a/c cr Cash / Bank cr
Crs / parties a/c cr

While remitting TDS

TDS a/c Dr
cash / Bank Cr

Hope your doubts would be clear

Regards
Sudha S

Sudha S

Hi Chandrashekar

At the time of booking bills

Respective expense a/c Dr
TDS a/c Cr
Crs / Parties a/c Cr

At the time of payment to Crs / Parties

Parties a/c Dr
Cash / Bank a/c Cr

While remitting TDS

TDS a/c Dr
Cash / Bank a/c Cr

Hope your doubts would be clear

Regards
Sudha S