ACCOUNTING FOR TDS DEPOSITED ON REMITTANCE TO NON-RESIDENT, Income Tax

[S.C. WADHWA]

A Pvt. Ltd. company made payment to a company B in Mauritius

towards services rendered for incorporation of new company.

Payment made was 10000 USD i.e 600000 INR. We also

deposited tds to tune of ₹ 200000/-.

Please advise how it will be dealt with in our books as on 31/03/14.

Whether it will be shown as Amount recoverable to tune of ₹ 800000/-

or ₹ 600000/-.

If it will be shown as ₹ 600000/- how tds deposited by us will be booked

in our books.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.