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What is TDS? Post journal entry for that in books of
company.
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Answer Posted / santhy
TDS is Tax deducted at source of income.
When you are a recepient of any income on which tax
deducted for example, 10,000 in interest income and 100/-
is the tax deducted at source
Dr. Bank/Cash a/c 900.00
Dr. TDS account 100.00
Cr. Interest recd a/c 1000.00
| Is This Answer Correct ? | 55 Yes | 15 No |
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