Tds

manjunath (Accountant) (97 Points)

03 November 2015

Hi,

We are registered dealer in electronic goods and we won't claim service tax.

I want to deduct TDS exclusive of Service tax who provide bills shown as seperate service tax but i dont know how to make an entry in tally.

So please clarify my doubts on above issues.

Warm Regards,

Manjunath.

Reply
Follow
Share

2 Replies

AMBUJ SHARMA (CHARTERED ACCOUNTANT) (243 Points)
Replied 05 November 2015

your entry shall be as follows:-

Expense a/c dr...............114

TO tds @ rate applicable(assumed 2%).............2

TO Party A/c.................................................112

Ruchi (CA) (1410 Points)
Replied 08 November 2015

Expenses a/c Dr(with full invoice amount)

To TDS payable ( with the amount of tds @ rate applicable)

To Party/cash/bank a/c ( with the amount payable /paid)

Start a New Discussion

view all classess

Forum Home