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How to calculate TDS on advertisement?Any one show me one
example?.

Answer Posted / rajesh

Here you go!!!

Dr Advertisement Charges 10103
CR TDS Payable 103
CR XXX ( Party Name 10000

( This should be made in Journal Entry. And the Narration
is Being the 1.03 % TDS Deducted for Rs.10000/-.)
in this Rs.10000/-. to be paid to Party & Rs.103/-. to be
paid to Income Tax

Is This Answer Correct ?    30 Yes 15 No



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