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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 / ravi
while booking a bill in journal in tally -f7
in journal - party a/c dr 5000
to tds 5000
(being bill booked)
in journal deduction entry - alt+s is the short cut key-f7
party 510.10
to tds 510.10
payment entry after deducting tds -f5
party a/c dr 4490
to bank 4490
deducted tds payment made to the dept -f5
tds a/c dr 510.10
to bank 510.10
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