Cash / Bank A/c. ------Dr.
Tds receivable A/c.-----Dr.
To Sundry Debtor A/c.------Cr.
By Cash a/c dr. 5000 By Tds receivable a/c dr. 500 To Debtors a/c cr. 5500
1) a) Salary Payable A/C Dr. TDS on Salary A/c Dr. To Salary A/c To TDS on Salary A/c b) Salary A/c Dr. TDS on Salary A/c Dr. To Bank
indiret a/c .....dr To tds a/c .....cr
no
first entry as jurnal then you pass alt+s after that your tds will ducted then you pay amount party and tds pay in government
indiret a/c .....dr To tds a/c .....cr
How can I make the TDS entry in Tall7.2 ?
10.33%
Kindly le Let me know if tds due date falls on sunday,can it be paid next day Kavita
Next working day.....
indiret a/c .....dr To tds a/c .....cr
TDS refers to Tax Deducted at Source. In regard to certain incomes, government makes it mandatory to deduct a certain amount of tax by the person who is making payment to other party. For example, while making rent payment by the tenant to the landlord, tenant may be required to retain a certain amount of rent payment as tax (TDS) and deposit the same with the government.