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

Answer Posted / pushpa

TDS is Tax Deduction of Sources

TDS is one of the mode of collection of Taxes which is applicable as you earn.

TDS Entry in Tally :

1. Expenses A/c Dr
To Party A/c

2. Party A/c Dr
To TDS A/C

Is This Answer Correct ?    2 Yes 2 No



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