When we paid tds on rent how will journal entry will come and how to enter in tally software?
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Answer Posted / sandeep negi
Lets assume the following. "A" consider Party. "B" consider
TDS & "C" consider Rent
So Journal entry will be as following
Rent "C" (debit)(value of (A+B)
To TDS "B" (C-A)
To PArty "A" (C-B)
Thanks
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