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How can i treat the tds in the Books of Deeductee. Example
suppose my company recives an amount on Job work charges by
giving tds to a deductor company. Then will i creat it
under tax and liability ledger or other.
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Answer Posted / vivek
When we are making Payment, We supposed to pass the entry
as follows:
Party a/c Dr. xxxx
TDS Receivable a/c Dr. xxxx
To Bank a/c xxxx
| Is This Answer Correct ? | 7 Yes | 8 No |
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