what is TDS..? and Entry for TDS..?

Answer Posted / pushpa

TDS is Tax Deduction of Sources

TDS is one of the mode of collection of Taxes which is applicable as you earn.

TDS Entry in Tally :

1. Expenses A/c Dr
To Party A/c

2. Party A/c Dr
To TDS A/C

Is This Answer Correct ?    2 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the dual aspect concept?

665


PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330

4564


WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"

1915


difition of reserve & surplus

1755


Define offset accounting?

641






Is buy or sale trade will impact on Nov? Yes/No Please explain.

1465


what are the disadvantages of back-flush accounting?

639


What is bond ? What is capital market?

1594


what is contribution? how does it help in taking managerial decisions?

1562


What is project implementation?

644


I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?

1293


What are the advantages & disadvantages of double entry system?

636


what is penaultimate sale

1545


purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c

4115


OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.

1772