TDS charged is an income of expense ?

TDS deducted by the Customer and deposited in central govt.account through receipt is an income or expenditure or what?

Showing Answers 1 - 3 of 3 Answers

Susanta Ku. Mohapatra

  • Oct 17th, 2011

TDS is an expenses for customer.

  Was this answer useful?  Yes


  • Feb 2nd, 2012

TDS is not an income or exp to the company. It is payable to the Company and company will receive cash or receivable from Customer. It is an expense to customer only

  Was this answer useful?  Yes

Tarun Chauhan

  • Mar 2nd, 2012

TDS charged from the customer is neither an expense nor an income, It is actually a payable account which becomes a liability for a company after charging it to from customer, which a company needs to pay or deposit it to the tax department on behalf of the customer on a required time line.

  Was this answer useful?  Yes


  • Feb 10th, 2013

TDS: Is one of the mode of collecting the income tax from assesses in India ,getting deducted from the person received amount (employee deductive ) by the person paying such as (employer deduct er)

  Was this answer useful?  Yes

Praveen M

  • Dec 2nd, 2015

Take a Example Interest income Rs. 10000, Received Rs. 9000 and TDs deducted Rs. 1000 Make following adjustments
1. Less. Rs. 10000 from P/L balance (being non-operative income credited to P/L)
2. Add: Rs. 9000 to Cash from investing activity (bring cash flow from interest)

  Was this answer useful?  Yes


  • Feb 16th, 2018

TDS will be deducted by buyer from service provider ( Not a seller ). TDS is liability from buyer point of view so this TDS will be deducted from service provider and paid to govt.

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.


Related Answered Questions


Related Open Questions