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what is tds tax and what is vat use in tally ?

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what is tds tax and what is vat use in tally ?..

Answer / siba prasad pani

tds means tax deducted source.it is indirect tax.always
deduct tds sundry creditor .tds deposit in to respetly
gorvment.actualy tds from 16A,16,24Q,26Q,how to mantain in
tallyERP9 tds first you have deduct entry
commison a/c dr
TO tds on commisson
TO PARTY
SECOND ENTRY TDS ON COMMISSON A/C Dr
party a/c Dr
TO CASH/BANK

Is This Answer Correct ?    33 Yes 3 No

what is tds tax and what is vat use in tally ?..

Answer / uttam suthar

Tds is collecting amt of central govt.may use indirectly at manufacture soure ,rented,or any kind of occupational.

tds applied on periodic period

Is This Answer Correct ?    2 Yes 0 No

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