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TDS ENTRIES IN THE HANDS OF PAYER & PAYEE

Answer Posted / rabindra ku.nayak

payment to contractor

In the Book of deductor
Rabindra &co A/c 60000


To Bank 54000
To Tds A/c 6000

In the Book Of deductee
Bank/Cash A/c Dr 54000
Tds A/c Dr 6000

To Tds Received 60000

Is This Answer Correct ?    12 Yes 37 No



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