Tds entry
This query is : Resolved
24 February 2016
Sir,
I want to make entry in Tally ERP9- I had shown entries as below:
DR-Labour Charges - Electric Ltd - 50000=00
Dr- Service Tax Input A/c - 7000=00
CR-Electric Ltd- 57000=00 (This entry I had already done, Now I want to show TDS (Payment or JV entry) how to be show?)
Our is partnership firm always deduct 2% TDS on Labour Charge while paying a cheque payment of Rs.1000=00 (2% on 50000) without service tax. Please guide me how to enter under
which head like Payment or Journal the payment (Rs.1000) to enter in TallyERP9.
Waiting for your reply.
Pravin.
I want to make entry in Tally ERP9- I had shown entries as below:
DR-Labour Charges - Electric Ltd - 50000=00
Dr- Service Tax Input A/c - 7000=00
CR-Electric Ltd- 57000=00 (This entry I had already done, Now I want to show TDS (Payment or JV entry) how to be show?)
Our is partnership firm always deduct 2% TDS on Labour Charge while paying a cheque payment of Rs.1000=00 (2% on 50000) without service tax. Please guide me how to enter under
which head like Payment or Journal the payment (Rs.1000) to enter in TallyERP9.
Waiting for your reply.
Pravin.
24 February 2016
electric ltd. Dr.
to tds payable u/s 194C
to tds payable u/s 194C
24 February 2016
Tds should be deducted booking of exp or payment which ever is earlier.
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