Can any one tell me what is the entry to be passed in Tally ERP9 while payment made to the seller by the buyer for the purchase of Immovable Property, the value of Property is more than Rs.50,00,000 ?
Menu
Tds entry for payment made to creditors >rs.50,00,000
Replies (1)
Fixed assets A/c Dr xxxx.xx
To Bank/Cash Cr. xxxx.xx
To TDS Payable Cr. xxx.xx
And after payment of TDS in form 26QB Entry to be made
TDS Payable Dr. xxx.xx
To Bank/Cash Cr. xxx.xx
Recent Topic
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
Related Topics
CAclubindia
