Tds interset

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how to do entry in tally for interst on TDS Plz Help
Replies (2)

if tds paid by bank 55/- out of that 5 rs interet then

tds paid       50/-

interest        5/-

   to bank a/c   55/-

 

Agree with samir Ji. 

The above entry by Samir Ji is for TDS payment.

 

In case of TDS refund entry will be

Bank a/c   DR  105

   To TDS Receivable  100

    To Interest on TDS 5

 


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