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.

Answer Posted / preeti

when we have received an amount by GIVING TDS, then entry will be
Bank A/C DR.
TDS Payble A/c DR
TO Deductor company

SO surely it will be under tax and liability by deducting it or to asset side

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