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When we paid tds on rent how will journal entry will come and how to enter in tally software?

Answer Posted / mohan sriram (bhiwandi)

1) While book in Tally-
Rent A/c Dr- 100
To TDS on Rent A/c - 20
To Party A/c - 80

2) While making payment to the party
Party A/c Dr- 80
To Bank A/c - 80
3) Deposits of TDS to Govt
Treasury/Bank A/c Dr- 20
To TDS on rent A/c - 20

Is This Answer Correct ?    34 Yes 18 No



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