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

Answer Posted / dharamvir(bittu)

when deduct TDS than entry:
Exp a/c dr.
To Tds payable a/c
To party a/c
At the time of payment:
Tds payable a/c dr.
to bank a/c.

Is This Answer Correct ?    17 Yes 1 No



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