TDS provision

Sir one doubt I had In the books of the deductor he will claim expenditure of the gross amount of TDS and the deductee will write the gross amount of TDS and then he will claim a deduction of the TDS paid by the deductor to the government Is it correct?

aman kawad

aman kawad

CA Inter


16-Aug-20 20:55


Answers (1)

Deductor books Contractor Charges Exp A/c Dr. 1000 To TDS payable to Govt. A/c 100 To Contractor (payable) A/c 900 Deductee Books Deductor A/c (Receivable) A.c 900 TDS (advance tax) A/c 100 To Income A/c 1000

sudha reddy

sudha reddy


17-Aug-20 08:29