Tds short deducted from party
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2016
Dear sir,
We have deducted less tds from our creditor (instead of 2% we have deducted 1%). Now we will have to pay 1% u/s 194C to the tax authorities. we wont get this amount from our creditor. now how to pass entries for the same in tally.
Regards
V
We have deducted less tds from our creditor (instead of 2% we have deducted 1%). Now we will have to pay 1% u/s 194C to the tax authorities. we wont get this amount from our creditor. now how to pass entries for the same in tally.
Regards
V
03 May 2016
you pass the entry
creditors a/c Dr
to Tds a/c
creditors a/c Dr
to Tds a/c
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