Hi Respected Members,
I worked in a firm where we deduct TDS on services received, rent, payroll etc. As we know that TDS deduct from every payment from respective law section, please educate me should i create separate TDS payable account for each above expenses or services or should i create one payable account for these withholdings ?
Thanks in Advance
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AA-9-Combine or Separate TDS Account
Replies (1)
You should create a separate ledger for each TDS section. This will create more transparency and it will be easy to trace transaction in future or during audit.
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