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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.........
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Answer Posted / manoj bhide
Mr. Saurabh is correct. The change is only that the entry
should recored only through the specific creditors account
and not the general creditor a/c. Because it will record
only the amount payable after deducting the tds without
recording it in to the a/c of that creditor. So there will
be difuculty when we have to issue the tds certificate to
the party. So the correct entry will be
1)purchase a/c Dr
to creditor a/c
2)
creditor a/c Dr.
to tds a/c
| Is This Answer Correct ? | 7 Yes | 3 No |
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