Answer Posted / amjad
suppose you hire a vechile for transportation of xyz. road
ways for which you pay Rs 20000 as freight
this transportation exp is liable for tds and the entries
will be
1) Transportation A/c dr 20000
To,tdx A/c 200 @ 1%
To,xyz. A/C 18800
2) Tds A/c dr 200
To,Tds payable 200
When making paymene
Tds payable A/c dr 200
To, Bank/Cash
| Is This Answer Correct ? | 18 Yes | 4 No |
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