Income from institute or coaching as a professional income & TDS deducted agst 194J then how to enter income- 896100 (this income so as head under capital a/c or indirect income tds-89610 bank

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income from institute or coaching as a professional income & TDS deducted agst 194J then how to enter

income- 896100 (this income so as head under capital a/c or indirect income

tds-89610

bank a/c- 806490

for tds refund i have to file both P&L, balance Sheet or I have to show only P&L

Kundan Choudhary

Dec. 5, 2016, 3:43 p.m.

Davneet Singh

Dec. 7, 2016, 9:40 p.m.

You can pass Entry

Bank Dr

TDS Receivable Dr

To institute

Institute Dr

To Professional Income

For ITR,you need to file both PL and Balance Sheet

You can transfer profit to capital account by passing entry

P& L Dr

To Capital A/c

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