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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4362)
Question
how to do tds entry at tally 9?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Ex. X is a Contractor he submitted his bill for Rs. 25000.0
for masion work

for first entry is

Masion work a/c dr 25000
To X A/c 25000

after we make payment to him

X A/c Dr. 500.00
To TDS on X A/c 500.00
(Being 2% deducted as TDS on sub contract works for Rs.
25,000.00)

X A/c Dr. 24,500.00
To Bank A/c 24,500.00
(Being balance amount paid after deducting TDS)

TDS on X A/c Dr. 500.00
To Bank A/c 500.00
(Being TDS amount paid to Govt. on due date on behalf of
Mr. X)
 
Is This Answer Correct ?    62 Yes 12 No
K. Phalguna Rao
 
Answer
# 2
You have to separetly calculate the TDS.Make a ledger of
TDS under Provision for taxex.After than you can enter the
entry in Tally 9,
 
Is This Answer Correct ?    57 Yes 19 No
G.vasudevan
 
 
 
Answer
# 3
Activate TDS : gateway of tally>f11>statutory & taxation>
Enable TDS set YES Then back to gateway of tally
Creating Ledgers : gateway of tally>account info> ledger>create
1. ledger name : RENT A/c Under Indirect Exp
2. ledger name : Mohan A/c Under Sundry Creditors
Set YES infront of Is TDS applicable the Choose RENT form
the list shown on the screen
3. ledger name : TDS on Rent Under Duties & taxes
Set YES infornt of Is TDS applicable the Choose RENT form
the list shown on the screen

Now Ready for TDS Entry
Gateway of tally>accounting voucher>press F7(journal Vouccher)
Dr RENT 5000
Cr Mohan 5000
Now Press Alt+S(for TDS Deduction)
Dr Mohan press enter choose TDS on RENT form the
Screen>Enter>enter

Now open Payment voucher
Dr mohan whatever balance shown
Cr cash

Dr TDS on RENT
Cr cash

TO see the TDS repot
Gateway of tally>display>Statutory report> TDS report

HEy enjoy.............
By PANKAJ TIWARI JAWAHAR COMPUTER EDUCATION, BANGLA BAZAR
LUCKNOW
 
Is This Answer Correct ?    38 Yes 1 No
Pankaj Tiwari
 
Answer
# 4
party a/c dr and tds credit that enter in tally9 
Is This Answer Correct ?    42 Yes 17 No
Trushar
 
Answer
# 5
01) Expenses( TDS Nature Deduction Applicable) A/c Dr.

To TDS Payable A/c
To Party's Personal(bill amount-TDS Amount) A/c
(Being amount credited after TDS... % of Rs ..
(Deductable amount)
02)
TDS Payable A/c Dr.
To Bank/Cash a/c
(Being TDS amount deposited as per challan no. ..
dt... BSR code.. sr. no. Bank ..)

03)
Pary's personal a/c Dr.
To bank / Cash A/c
( Being paid to party....)
 
Is This Answer Correct ?    29 Yes 8 No
Jagat Babu Sharma (9450123500)
 
Answer
# 6
Suppose a job work done through M/s. ABC and Company for Rs.
1 lac.

Dr. Job work Expenses Rs. 1,00,00.00

Cr. ABC & Co. 97774 (net of TDS)
Cr. TDS on payment to Contractors 2226
 
Is This Answer Correct ?    22 Yes 3 No
1
 
Answer
# 7
if we have given to subcontract to "x" For 100000
when he completed work then we have to payment to him look see
1)whenever we are giving payment make
Subcontract account.........dr 100000
To Tds payble a/c ........cr 10000
To x account .............cr 90000
 
Is This Answer Correct ?    7 Yes 1 No
Suresh
 
Answer
# 8
op[ 
Is This Answer Correct ?    5 Yes 3 No
Kumaran
 
Answer
# 9
the entry in tally ERP

Job work Expenses A/c 1,00,000
Party A/c 99,000
TDS to Sub Contract 1000
 
Is This Answer Correct ?    0 Yes 1 No
Phanindra
 

 
 
 
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EXPAND_______________ULC   3
which comes share, asset side or liabilities side?   3
Expand C S T   6
My Question regarding owners drawings. case1; If owner paid some expenses from his own pocket and later that amount added to his salary then what adjustment entries will needed.   5
Diiference between Cash & Mercantile System   4
 
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