Answer / pushpendra chauhan

TDS Full form is Tax Deducted at Sourch

When we paid the commission , payment we are deduct the TDS and issue Form 16 to customer/Party

Entry :-
Entry in Journal ( In Tally F7)

1.Dr. By Fees for technical Service Rs -10000/-
Cr. To Party A/c Rs- 10000/-

2. By Party A/c Rs.-3366/-
To TDS on Technical Service Rs.-3366/-

3. By Fees on Technical Service A/c Rs.-10000/-
To Party A/c Rs.-6634/-
To TDS on Tec. Services Rs.-3366/-

Answer / trinadha

Tax Deducted at Sourch

Answer / hemant

TDS : Tax Deduction on Source
It is part of income tax

Answer / malli

TDS full form is tax deduct from source

TDS nothing but reserve of income tax.

Answer / latha

tax detected sources

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