Please any one tell me if we deducte the tds to firm that will shown under company deduction for non company deduction
thanks
Raj Kumar
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 04 February 2012
Pls post your question more properly.....
Can't understand it.....
Raj Kumar
(Accounts Officer)
(72 Points)
Replied 04 February 2012
actually i was deducted tds to one party, based on that party pan no the party is registed as firm
now the deducted tds amount is whether shown as company deduction or non compnay deduction
R.S.KARTHIK
(Article Assistant----Final Student)
(59 Points)
Replied 04 February 2012
Sir please be clear while posting the query...........U are asking for Filing or from ledger point of view ?.
If u make any payment to an individual u should deduct 1% TDS and if it is a Firm or a Company u should deduct 2% TDS.
Then in your case....a) for filing, u should show it under Company/Firm deduction [2%].
b) In ledger u can show it as Firm deduction itself.
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