i want to know the procedure of Tds ledger in tally for
Event management co,s means procedure of creating TDS
ledgers and how to know the outstandigs of Tds payable and
Receivables
plz guide me.........
Answer Posted / saurabh
Tds is efected when you are making a payment to some as per
the provision of income tax laws.
since you are working in a event management co. so u must
be aware of the nature of the payment attracting tds.
you can open tds a/c in creditors ledger and when make the
payment to any party route the exp through this a/c too.
e.g
you have to make a payment of Rs 40000 to a praty for
transportation and tds amt comes to rs 800 approx
payment voucher will be like this:
bill recd and passed for payment
Dr tpt a/c 40000
cr party a/c 39200
cr tds from tpt 800
on making payment:
party Dr 39200
cr bank a/c 39200
when tds is deposited i.e on due date take print out of
this tds ledger a/c and issue cheque
dr TDs from tpt
cr bank a/c
Is This Answer Correct ? | 58 Yes | 9 No |
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