Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2017 HELLO,
at the time of making payment for any service after tds deduction like consultancy charges and my system is not having any ledger for such party then how to show such entry in system without creating party ledger.?????

CA Abhishek Goyal

CA Abhishek Goyal (Expert)
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05 July 2017 Its simple. Just pass the entry below:

Professional Charges Dr...
To Bank Account....
To TDS Payable....

For TDS Payment, Party ledger is must.

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2017 I CAN CREATE LEDGER BUT IS THERE IS ANY OTHER WAY WITHOUT CREATION OF LEDGER TO GO FURTHER