Tds-Tax Deducted at Source

Tds is to apply while making payments to vendors(for the 
service rendered)

For example:Tds on contract,deducted 2.06%(or 2.266% not 
sure in this)

Tds on brokerage,deduct 10.3%

Above mentioned rate changes as prescribed by central 
government

when party was coming under TDS act(servicce) or 
(professiional) work

1. At the time of Inovice (or)
2. At the time of making advance payment to Vendors

which ever is earlier TDS will be deducted 

1. At the time of Invoice, accounting Entry is as below ( 
for 1000 Rs/- Expenses )

   Expenses A/c .............DR    1000
      To  Vendor   A/c .......      900
      To  TDS  A/c  .......         100


2. At the time of Advance Payment accounting entry is as 
below for 1000 Rs/.Payment. 

   Vendor A/c ......DR      1000
      To Bank  A/c...        900
      To TDS   A/c...        100

Thanks....and please correct if the above answer is wrong

1.You are Prop. Concern when u are cross 40 Lak Sales that  
time u will liable ( first year execpt )
2. you are Partner , Ltd, Private Company u will liable to 
when we start the company onwards 

Commission exceed - 5000/- Rate of TDS 10.3%
Inerest exceed - 5000/- Rate of TDS 10.3% or 20.6%
Contract exceed - Single Bill 20000/-or Whole year 
transaction Rs.50000/- Rate of TDS 2.266%
Rent - 100000/- Rate of T.D.S 15.45 (or) 20.45%