What is the journal entry of.Tds. ?

Answer Posted / raghuvstar@gmail.com

For Eg Professional Charges Rs.20000 raised by RV and Co

1.Professional Charges 20000 Dr
To RV&Co 18000
To TDS Payable-194J 2000


2.TDS payable a/c Dr 2000
To Bank/Cash a/c 2000

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