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What is TDS? Post journal entry for that in books of
company.

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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